Officers and Directors

Executive Management

David W. Kemper is Chairman of the Board and Chief Executive Officer of the holding company, Commerce Bancshares, Inc.; and Chairman of the Board and Chief Executive Officer of Commerce Bank. He joined Commerce Bank in 1978 as Vice President in charge of Commercial Lending and in 1991 was elected to his current position. Kemper heads the Executive Committee of Commerce Bancshares, Inc. A 1972 graduate of Harvard University, Kemper received a Master of Arts in English Literature from Worcester College, Oxford University in 1974 and a MBA from the Stanford Graduate School of Business in 1976. He is a member of the American Academy of Arts and Sciences.

Kemper is a director of Post Holdings, Inc., Tower Properties Company, and serves as an advisory director for Enterprise Holdings. Kemper serves as Vice Chairman of the board of trustees of Washington University in St. Louis. He is also on the board of trustees of the Missouri Botanical Garden and the Donald Danforth Plant Science Center.

Jonathan M. Kemper is Vice Chairman of Commerce Bancshares, Inc. and Chairman of Commerce Bank, Kansas City Region. He joined Commerce as Vice President of Commerce Bank, Kansas City in 1982 and was elected Vice Chairman of Commerce Bancshares, Inc. in 1991. Kemper has overall responsibility for the Kansas City region and for operations and information technology. He serves on the Executive Committee of Commerce Bancshares, Inc. Kemper, a 1975 graduate of Harvard College, earned an MBA in 1979 from the Harvard University Graduate School of Business.

Kemper is a Non-Executive Chairman of Tower Properties Company. He is co-trustee of the William T. Kemper Foundation, president of the Kansas City Public Library board of trustees and is on the board of the Kansas City Design Center, and Kansas City Downtown Council and member of the Executive Committee.

John W. Kemper is President and Chief Operating Officer of Commerce Bancshares, Inc., and President of Commerce Bank. In this role, Kemper directs the Bank’s strategy and line operations, working closely with market and business line leadership. In addition, Mr. Kemper has overall responsibility for bank credit and non-credit risk, legal, compliance and human resources. Kemper holds a Bachelor of Arts in history and political science from Stanford University, a Master of Science in economic history from the London School of Economics, and an MBA from Northwestern University’s Kellogg School of Management. Kemper is board member of Tower Properties Company, St. Louis Regional Chamber and of Fund for KIPP St. Louis.

Charles G. Kim is Executive Vice President and Chief Financial Officer (CFO) of Commerce Bancshares, Inc. Kim has corporate responsibility for all financial functions for the company. He also has responsibility for strategic planning, marketing, the retail line of business, the consumer and corporate card business, Commerce Mortgage Corporation and is a member of the Executive Committee of Commerce Bancshares, Inc. Kim is a member the board of directors of the Bank Administration Institute (BAI) in Chicago. Kim also serves on the board of trustees of Missouri Baptist Medical Center and on the board of directors of the Missouri Baptist Healthcare Foundation, as well as the board of directors of Junior Achievement of Mississippi Valley and the board of trustees of Logan University. Kim graduated with honors from the Washington University Executive MBA program and holds a Bachelor of Science in Business Administration from Washington University, St. Louis, MO.

Kevin G. Barth is Executive Vice President of the Commercial Line of Business for Commerce Bancshares, Inc. and President and Chief Operating Officer for Commerce Bank, Kansas City Region. He is responsible for overseeing product development and policy for Commerce Bancshares, Inc.'s commercial banking operations and is a member of the Commerce Bancshares Executive Committee. Barth received his Bachelor of Arts Degree in Business Administration from Graceland College, Lamoni, Iowa. He earned his MBA from Rockhurst College, Kansas City, MO. Barth currently serves on community boards, including The Kansas City Area Development Council, the Economic Development Corporation of Kansas City. Mr. Barth also serves on the board of directors of Kansas City Life Insurance Company and Hodgdon Powder Company.

Daniel D. Callahan is Chief Credit Officer and Chief Risk Officer of Commerce Bancshares, Inc. He has responsibility for overseeing credit administration, lending policies and portfolio management processes to ensure the overall quality and credit culture of Commerce's lending portfolio. Callahan is a member of the Executive Committee. He holds a BSPA from the University of Missouri, Columbia, and an MBA from St. Louis University and is a graduate of the Stonier School of Banking. Callahan serves on the board of directors for Business Finance Corporation, St. Louis Society for Adults with Physical Disabilities, Missouri College Fund, and Cardinal Ritter Senior Services. He is a trustee for the St. Louis Science Center and is a director for the Western Golf Association.

Sara Foster has overall responsibility for Talent Management, Talent Development, Legal, Compliance, Audit, Non-Credit Risk Management and Flight Operations. Foster is a member of the Executive Committee of Commerce Bancshares, Inc. She holds a Bachelor of Arts in Communication from the University of Missouri – St. Louis, MO, and a Masters in Business Administration from Washington University, St. Louis, MO. Foster serves on the Board of Directors of Big Brothers/Big Sisters of Eastern Missouri, Normandy Schools Collaborative and the University of Missouri – St. Louis Chancellor’s Council.

John is the President and CEO for the Commerce Trust Company. Prior to joining Commerce Bank in December 1999, John was the chief operating officer and a director of TIAA-CREF Trust Company, FSB, the Missouri-based trust subsidiary of the national teachers’ retirement fund manager. Prior to joining TIAA-CREF, he was with Bank of America (formerly Boatmen’s Trust Company) for 10 years, where his responsibilities included managing a group of 14 regional trust offices in seven states. John received his bachelor of arts degree in economics and business administration from Wittenberg University in 1985. In 1991, he graduated with honors from the ABA Graduate Trust School of Northwestern University, where he earned his CFSC designation. John also holds a Series 65 license.

Robert S. Holmes is Executive Vice President of Commerce Bancshares, Inc., President and CEO of Commerce Bank, St. Louis region, and serves on the Executive Management Committee of Commerce Bancshares, Inc. Holmes oversees the bank's commercial banking activities in the St. Louis region, commercial offices in Cincinnati, Nashville, Indianapolis, Grand Rapids, community markets in Missouri and Illinois, community relations and foundation advisory services for the St. Louis market, tax credits, dealer services and leasing. He holds a Master of Business Administration from St. Louis University and a Bachelor of Science degree in Business Administration from University of Missouri in Columbia. Holmes is a member of the St. Louis Regional Chamber board of directors. Holmes is a member of University of Missouri's College of Business - Finance Advisory Board, director and immediate past president of Sherwood Forest Camp, a United Way supported agency. Holmes serves on the board of directors for United Way of Greater St. Louis and is a member of the executive committee. He also serves on the board of commissioners of Tower Grove Park. He is a board member of St. Louis YPO-Gold.

Jeffrey M. Burik is a Senior Vice President of Commerce Bancshares, Inc., Director of Commercial Card and Merchant Services, and has responsibility for payment products marketed nationally. Burik serves on the Executive Committee of Commerce Bancshares, Inc. He holds a Bachelor of Science degree in Business Administration from Emporia State University, Emporia, KS.

Patricia R. Kellerhals is a Senior Vice President of Commerce Bancshares, Inc., Director of Core Retail Banking, and serves on the Executive Management Committee. She is responsible for directing strategy and execution for the retail line of business and oversees all aspects of retail banking. Kellerhals graduated from Lindenwood University with a Bachelor of Arts in business administration.

Paula Petersen is a Senior Vice President of Commerce Bancshares, Inc. and Director of Strategy, Marketing and Finance and serves on the Executive Management Committee of Commerce Bancshares, Inc. She is responsible for driving corporate strategy and marketing as well as managing the corporate planning framework and management reporting. She also has responsibility for BankCard/Installment Loan Servicing. Ms. Petersen graduated with honors in 2007 from the UMKC EMBA program and holds a BBA in Finance from Wichita State University.

Michael J. Petrie is a Senior Vice President of Commerce Bancshares, Inc., Director of Community Bank Administration, and has administrative responsibility for Community markets -- outside St. Louis and Kansas City -- in the Commerce Bank system. Petrie serves on the Executive Committee of Commerce Bancshares, Inc. He holds a Bachelor of Science degree in agricultural economics from Kansas State University, Manhattan, KS.

David Roller is a Senior Vice President and Chief Information Officer of Commerce Bancshares, Inc. He leads the Enterprise Technology Function, Bank Operations and Corporate Services. Roller is a member of the Executive Committee of Commerce Bancshares, Inc. He holds a Bachelor of Science in Computer Science and a Master of Business Administration from the University of Missouri – Kansas City.

Commerce Bancshares, Inc. Directors

Director since February 2013. Prior to his election as its Chairman of the Board, Mr. Bassham served as CEO (since June 2012), President and Chief Operating Officer of Great Plains Energy, KCP&L, and Greater Missouri Operations from 2011-2012. Mr. Bassham originally served as KCP&L Executive Vice President of Finance and Strategic Development and more recently as Executive Vice President of Utility Operations. He graduated from the University of Texas-Arlington and earned a Juris Doctor degree from St. Mary’s University Law School in San Antonio, Texas. Mr. Bassham previously practiced as a regulatory attorney and has served as an advisory director of the Company’s banking subsidiary in Kansas City. He is active in the Kansas City area community and currently serves as a board member of the Greater Kansas City Chamber of Commerce, Urban Neighborhood Initiative, Linda Hall Library, Civic Council of the Greater Kansas City, Win/Win, Kansas City Symphony, Kansas City Scholars, Edison Electric Industry Group and the Electrical Power Research Institute. Mr. Bassham brings to the Board an inside perspective of the energy industry, and experience in a highly regulated industry with a publicly traded company.

Director since January 2000. Mr. Capps, a graduate of Stanford University, created a group of automobile dealership franchises in St. Louis County, Missouri that was acquired by Asbury Automotive Group in 1997. Mr. Capps stayed active in the acquiring company through its initial public offering. In 2011, Mr. Capps left Asbury Automotive Group to operate a new automotive dealership under BCJ Motors, Inc. Mr. Capps gives the Board a direct insight into a major line of business for the Company. He is active in the community and currently serves as a board member of St. Louis Priory School, St. Louis Children's Hospital Foundation, the St. Louis Zoo, and BackStoppers.

Director since January 2018. Karen Daniel graduated from Northwest Missouri State University and received her master’s degree in accounting from the University of Missouri-Kansas City. She spent 11 years with the certified public accounting firm of Peat Marwick (KPMG), rising to Senior Audit Manager. She joined Black & Veatch in 1992 with the internal audit group, was named Chief Financial Officer in 1999 and joined the Black & Veatch Board of Directors in 2006. In her role as CFO, she is responsible for developing and executing business strategies, and as President of Black & Veatch’s Global Finance & Technology Solutions Division, leads the global finance and IT organizations. Ms. Daniel serves on numerous public and philanthropic boards; Snap-on, Inc., Blue Cross and Blue Shield of Kansas City and Northwest Missouri State University Foundation, as well as recently completed her tenure as the 2017 Chair of the KC Chamber Board of Directors. Ms. Daniel also served as Vice-Chair of former President Obama’s Advisory Council on Doing Business in Africa.

Director since April 2010. Mr. Devanny is a former advisory director of Commerce Bank and has extensive experience with regulated industries. Mr. Devanny holds a Bachelor of Arts degree in English from the University of the South (Sewanee). Mr. Devanny served as the CEO of The TriZetto Group from July 2010 to May 2013, and President of Cerner Corporation from August 1999 to July 2010. This experience brings a professional insight into the healthcare industry, one of the Company’s most important target industries for financial services.

Director since June 1983. Mr. Grant served as a Consultant of Quest Diagnostics from 2007-2010, Chief Executive Officer of LabOne, Inc. from 1995 through the sale of the company to Quest Diagnostics in 2005, where he served as Senior Vice President until 2007. During his tenure, the company grew from a market capitalization of less than $80 million to $934 million at the time of sale. Prior to LabOne, Mr. Grant was the Chairman, President and Chief Executive Officer at Seafield Capital Corporation, a healthcare holding company, from 1990 to 1995. From 1986 to 1990, he served as Chief Executive Officer of Business Men's Assurance Company, an insurance company. Mr. Grant received a Bachelor’s degree in History from the University of Kansas and a Master’s degree in Business Administration from the Wharton School of Finance, University of Pennsylvania, and brings to the Board an insight into the insurance and healthcare industries. Mr. Grant is currently Vice Chairman of SelectQuote and is serving on the Board of SelectQuote.

Director since February 1982. Mr. Kemper has been the Chairman and CEO of the Company since 1991 and was President of the Company from 1982 until February, 2013. He graduated cum laude from Harvard College, earned a masters degree in English Literature from Oxford University, and an M.B.A. from the Stanford Graduate School of Business. He is the Past President of the Federal Advisory council to the Federal Reserve Board. Mr. Kemper is active in the St. Louis community, serving as a board member of Washington University in St. Louis, the Missouri Botanical Garden, the Donald Danforth Plant Science Center, and a member of Civic Progress in St. Louis. Mr. Kemper brings to the Board a thorough understanding of the financial industry and an appreciation of the values upon which the Company was founded.

Director since September 2015. Mr. Kemper joined Commerce in 2007. Previously Mr. Kemper worked as an Engagement Manager in the New York and Chicago offices of McKinsey & Co. At McKinsey, Mr. Kemper led consulting teams on strategy and operations engagements for a number of blue chip clients in the financial services and airline industries. Mr. Kemper graduated with a B.A. in history and political science from Stanford University. He received a Master of Science degree in Economic History from the London School of Economics and an M.B.A. from Northwestern University’s Kellogg School of Management. In addition to his work at Commerce, Mr. Kemper sits on the boards of a variety of industry groups and civic organizations in St. Louis.

Director since February 1997. Mr. Kemper has executive responsibilities for the Capital Markets Group business lines. After graduating from Harvard, Mr. Kemper remained to receive an M.B.A. from Harvard University’s Graduate School of Business. Prior to working for the Company, Mr. Kemper held various positions in the financial industry in New York and Chicago, including positions with Citicorp, the Federal Reserve Bank of New York, and M. A. Schapiro and Company. Mr. Kemper previously served on the Federal Advisory Council to the Federal Reserve Board from January 2013 to December 2015. Mr. Kemper is involved in several community and business organizations in addition to his responsibilities at the Company. Mr. Kemper is a recognized community leader in one of the Company’s largest markets and also brings expertise in current and emerging technologies to the Board.

Director since August 1997. Mr. Rassieur is President of a successful, private company that performs heat treating and metal finishing at five plants in three states and Mexico. His business provides a leading indicator of general economic conditions. Mr. Rassieur graduated cum laude from Amherst College with a degree in economics. He has been a director of Commerce Bank and has been a long time member of the Company’s Audit Committee, and is the current Chairman of the Audit Committee. His community involvement includes being a founding member of the Corporate Committee of the Juvenile Diabetes Foundation.

Director since April 2010. As Chairman and Chief Executive Officer of Schnuck Markets, Inc., Mr. Schnuck brings to the Board a unique perspective from a consumer driven industry that faces many of the same issues that we face, such as selection of retail locations, geographic expansion, and customer loyalty. With stores in Missouri, Illinois, Indiana, Iowa and Wisconsin, Schnuck Markets, Inc. operates in much of the same footprint as the Company. A graduate of the University of Virginia with an M.B.A. from Cornell, Mr. Schnuck had several years' experience in the investment banking profession before joining the family-owned business and serving as its President, Chief Financial Officer, and Chief Operating Officer prior to his current position. Mr. Schnuck has previously served as an advisory director of Commerce Bank.

Director since February 1990. Mr. Taylor has led Enterprise Holdings and its operating subsidiaries (collectively "Enterprise"), to the position of the largest rental car provider in the world. He has public company board experience and is actively engaged in community service and philanthropic activities in the St. Louis area. His company is ranked high in customer satisfaction and as a place to work and start a career. Mr. Taylor is also the Executive Chairman of Enterprise Fleet Management, Inc., which leases over 300,000 vehicles to small and medium sized business. Managing credit risk is an important component of this business. Mr. Taylor is a graduate of the University of Denver with a degree in business administration.

Director since February 2007. Ms. Walker holds an M.B.A. in finance, with distinction, from the University of Michigan, an M.A. in economics from Washington University in St. Louis, and a B.A. in economics and public administration from Miami University of Ohio, where she graduated magna cum laude. Ms. Walker also holds the Chartered Financial Analyst designation. She has extensive experience in institutional asset management and has knowledge of internal controls and audit committee functions. Ms. Walker served as Chief Investment Officer at Washington University for 10 years through December 31, 2016 and as Executive in Residence at Washington University’s Olin Business School in 2017.
* Members of Audit and Risk Committee