商业银行 CBSH

John W. Kemper is President and Chief Executive Officer of Commerce Bancshares, Inc., and Chairman and Chief Executive Officer of Commerce Bank. Mr. Kemper joined Commerce in 2007 leading strategy and working across a number of leadership roles within the Company. Prior to his current role, Mr. Kemper served as the Company's President and Chief Operating Officer. Before joining Commerce, Mr. Kemper worked as an Engagement Manager in the New York and Chicago offices of McKinsey & Co. While at McKinsey, Mr. Kemper led consulting teams on strategy and operations engagements for a number of clients in the financial services and airline industries. Mr. 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 M.B.A. from Northwestern University's Kellogg School of Management. Mr. Kemper is a member of the Visa Executive Client Counsel and serves on the boards of several civic organizations in the St. Louis region. Mr. Kemper is the son of David W. Kemper, Executive Chairman of the Board. Other Directorships: Tower Properties Company (since March 2008).

Charles G. Kim, Chief Financial Officer of the Company since July 2009. Executive Vice President of the Company since April 1995 and Executive Vice President of Commerce Bank since January 2004. Prior thereto, he was Senior Vice President of Commerce Bank.

Kevin G. Barth, Executive Vice President of the Company since April 2005, and Community President and Chief Executive Officer of Commerce Bank since October 1998. Senior Vice President of the Company and Officer of Commerce Bank prior thereto.

John K. Handy, Executive Vice President of the Company since January 2018 and Senior Vice President of the Company prior thereto. President and Chief Executive Officer of the Commerce Trust division of Commerce Bank since January 2018 and Senior Vice President of Commerce Bank prior thereto.

Robert S. Holmes, Executive Vice President of the Company since April 2015, and Community President and Chief Executive Officer of Commerce Bank since January 2016. Prior to his employment with Commerce Bank in March 2015, he was employed at a Midwest regional bank where he served as managing director and head of Regional Banking.

Ms. 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 retired from Black & Veatch in July 2018 as Chief Financial Officer (CFO) and Executive Director. Ms. Daniel 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 was responsible for developing and executing business strategies, and as President of Black & Veatch's Global Finance & Technology Solutions Division, led the global finance and IT organizations. Ms. Daniel serves on numerous public and philanthropic boards: Snap-on, Inc., Giant Eagle, and Kansas City campus for Animal Care, KC Royals Foundation, Ewing Marion Kauffman Foundation, and the 2017 Chair of the KC Chamber Board of Directors, completing her final term in November 2018. In 2023, Ms. Daniel was appointed President of the Board of Directors for KC2026 which is responsible to deliver World Cup matches and associated activities to the KC region. In July of 2025, Ms. Daniel resigned as president and remains an ex officio member of the Executive Committee. Ms. Daniel also served as Vice-Chair of former President Obama's Advisory Council on Doing Business in Africa. Other Directorships: Snap-on Tools (since 2005).

Todd R. Schnuck is Chairman and Chief Executive Officer of 1939 Group, Inc, Festival Foods, Hometown Grocers since September 2025 and Schnuck Markets, Inc. since October 2014; from 2006 to 2014 served as President and Chief Operating Officer; and prior to 2006, served as Chief Financial Officer. As Chairman and Chief Executive Officer of 1939 Group Inc, Festival Foods Hometown Grocer, and 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 the Company faces, such as selection of retail locations, geographic expansion, and customer loyalty. With stores in Missouri, Illinois, Indiana, and Wisconsin, 1939 Group, 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 Chief Financial Officer and Chief Operating Officer prior to his current position. Mr. Schnuck has previously served as an advisory director of Commerce Bank.

As of October 2025, Mr. Chapman was appointed as CEO, in addition to his roles of President and Board Member of Barry-Wehmiller Companies, Inc. and its parent company, Barry-Wehmiller Group, Inc. Mr. Chapman has been with Barry-Wehmiller Companies, Inc., a global organization that manufactures capital equpment and provides consulting services for a broad set of industries (e.g., food & beverage, life sciences, healthcare, general industrial), since 2009, when he co-founded BW Forsyth Partners, a hybrid equity firm. He served as a strategic financial advisor to the Barry-Wehmiller leadership team from 2015 to 2019, while co-leading BW Forsyth Partners, and was named Barry-Wehmiller's Interim Chief Financial Officer in early 2020, shortly before becoming President. Prior to his employment with Barry-Wehmiller, Mr. Chapman gained private equity and operating experience at various companies. In addition to his experience as a strategic financial advisor, Mr. Chapman provides the Board with a view into the economic conditions associated with a variety of industries. Mr. Chapman has a Bachelor of Science in commerce from the McIntire School of Commerce at the University of Virginia. He served as a member of the Commerce Bank St. Louis Advisory Board from 2012 to 2022.

Until her retirement in December, 2021, as Senior Vice President of Communications, Marketing and Public Affairs of BJC HealthCare, June McAllister Fowler led internal, external, and public policy communications and government and community relations efforts on behalf of BJC HealthCare, one of the largest nonprofit health care organizations in the United States and one of the largest private employers in the state of Missouri. Ms. Fowler had responsibility for multiple areas, including media relations, executive communications, community benefit, community affairs, government and external relations, health literacy, corporate marketing, creative services, web development, media services and the award-winning employee online newspaper, BJC Today. Prior to joining BJC, Ms. Fowler was senior director of communications and community affairs for Mallinckrodt. She began her career as an urban planner with St. Louis County government, ultimately serving as director of the Department of Planning. Ms. Fowler provides the Board a unique insight into the healthcare industry which includes experience managing government and community relations. Ms. Fowler earned her master's degree in urban affairs from Washington University in St. Louis. She completed her bachelor's degree at the University of Missouri-Columbia. Ms. Fowler has been an active volunteer throughout the region for many years. She currently serves as the board chair of Cortex Innovation and was recently elected vice chair of the board of the Missouri Botanical Garden. She also serves on the board of The Muny outdoor theater and the St. Louis International Airport Commission. Most recently she was on the boards of KIPP St. Louis Public Charter School (immediate past board chair), Citizens for Modern Transit (immediate past chair). She has served as a member of Washington University Public Affairs National Council, and the Health Care Industry Council of the Federal Reserve Bank of St. Louis. Ms. Fowler is a past chair of the Girl Scout Council of Eastern Missouri and the Metropolitan Association for philanthropy.

Chrissy Taylor is president & CEO of Enterprise Mobility, a leading provider of mobility solutions including car rental, fleet management, flexible vehicle hire, carsharing, vanpooling, car sales, truck rental, luxury rental, vehicle subscription, as well as other transportation technology services and solutions. Enterprise Mobility manages the Enterprise Rent-A-Car, National Car Rental and Alamo brands. As the third generation of Taylors to lead Enterprise Mobility, she rose through the ranks before being elevated to her current role in 2020. Her two previous positions were as executive vice president & chief operating officer from 2016-19 and president & COO from 2019-20. After joining the organization as a management trainee in 2000, her early highlights include developing the business' consumer rental market in Europe (2006-08), helping guide the financial restructuring of Fleet Management (2008-11), managing the Car Sales business (2011-13) and overseeing North American operations (2013-16). Ms. Taylor serves a number of organizations both nationally and locally, including the Business Roundtable and U.S. Travel Association. She is also part of the first majority female-owned soccer club in MLS history: St. Louis CITY SC. Ms. Taylor brings to the Board insight into the economic trends related to mobility and experience in delivering best-in-class customer experience and service. Ms. Taylor earned a bachelor's degree in sociology from Miami University and master's in business administration from Washington University in St. Louis.

Discussion: Timothy Dunn serves as Chairman of the Board and Chief Investment Officer for the family and employee-owned JE Dunn Construction Company. Started in 1924 and now in its fourth generation of family leadership, JE Dunn serves clients as a national commercial general contractor from its 26 offices with revenues of $8B+. He started his career outside of JE Dunn gaining experience in finance/risk roles. Early in his tenure with JE Dunn, he focused on the risk management and the insurance/surety part of the business. He became Chief Investment Officer of the company in 2010, managing all investment activities of the company and its wholly owned insurance captive, William Henry Insurance, LLC. In 2014, he founded and became President of JE Dunn Capital Partners, a real estate co-invest platform that has originated over $1.75B+ in real estate development deals across a variety of different building types. He succeeded his Father and became board chair in 2019. He supports numerous community efforts and sits on several boards. He brings to this Board finance and risk management expertise in addition to his knowledge of the construction industry, one of the Company's important target industries for financial services. Mr. Dunn is a graduate of the University of Richmond and holds a BSBA in Accounting and a Master's in Entrepreneurial Real Estate from the University of Missouri-KC. He served as a member of the Commerce Bank Kansas City Advisory Board from 2018 to 2024.

Ms. Macia is President and Chief Executive Officer of MTM Health, a national provider of non-emergency medical transportation to Medicaid and Medicare enrollees. MTM operates in all 50 states, providing over 35 million trips per year. Since 2005, she has guided MTM's expansion from $30 million in annual revenue to nearly $2 billion. Ms. Macia offers the Board valuable perspective on the healthcare sector, a key target industry for the Company's financial services. She holds both a Master of Business Administration degree and an undergraduate degree in biomedical engineering from Washington University in St. Louis (WashU). Ms. Macia serves on the Washington University Board of Trustees; the ISCO (Independent Stave Company) Advisory Board; and the Stupp Corporation Advisory Board. She is also a member of the WashU School of Public Health National Council, the St. Louis Regional Business Council, and the St. Louis Chapter of YPO (Young Presidents' Organization). From 2021 to 2025, she served on the Commerce Bank St. Louis Advisory Board.

The Board of Directors of Commerce Bancshares, Inc. approved the Company's appointment of Steven A. Brandjord in the role of Corporate Controller and Chief Accounting Officer, effective May 15, 2026. Mr. Brandjord joined the Company in 2014. He is currently serving as Assistant Controller, Director of Tax for the Company, and was Tax Manager III prior thereto. Prior to joining the Company, Mr. Brandjord was a Senior Manager in the tax area for BKD, LLP.

Mr. Kemper became Executive Chairman in August 2018. He previously was the Chairman and Chief Executive Officer of the Company from 1991 to 2018 and was President of the Company from 1982 until February 2013. He graduated cum laude from Harvard College, earned a master's 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, and the St. Louis Art Museum. He is also a board member of Post Holdings. Mr. Kemper brings to the Board a thorough understanding of the financial industry and an appreciation of the values upon which the Company was fo75unded. Mr. Kemper is the father of John W. Kemper, President and Chief Executive Officer of the Company. Other Directorships: Tower Properties Company (since October 1989); and Post Holdings, Inc. (since September 2015).

David L. Orf, Executive Vice President of the Company since October 2020 and Chief Credit Officer of the Company since January 2021. Executive Vice President of Commerce Bank since January 2014 and Senior Vice President of Commerce Bank prior thereto.

Douglas D. Neff, Senior Vice President of the Company since January 2019. Executive Director of Community Markets of Commerce Bank since January 2023. Chairman and Chief Executive Officer of Commerce Bank Southwest Region prior thereto.

Ms. Kim L. Jakovich, Senior Vice President of the Company since April 2022, and Officer of the Company prior thereto. Executive Vice President of Commerce Bank since January 2025, and Senior Vice President of Commerce Bank prior thereto.

Mr. Richard W. Heise, Senior Vice President of the Company since April 2022 and Executive Vice President of Commerce Bank since July 2021. Prior to his employment with Commerce Bank in February 2017, he was employed at a healthcare tech services company where he served as a senior vice president of revenue cycle and financial services.

Derrick R. Brooks, Senior Vice President of the Company and Executive Vice President of Commerce Bank since January 2021. Senior Vice President of Commerce Bank prior thereto.

Paula S. Petersen, Executive Vice President of the Company since January 2022 and Senior Vice President of the Company prior thereto. Executive Vice President of Commerce Bank since March 2012.