New Audit Chairman selected by Commerce Bank board

The Board of Directors of Commerce Bank announced the appointment of Jerry Benkert to Audit Committee Chairman, effective immediately.

“Jerry’s extensive business experience including nearly 30 years with Vectren Corp. will add a valuable perspective to our Board of Directors,” said Luke Yaeger, President and CEO. “We appreciate his willingness to serve as audit committee chairman and look forward to benefitting from his involvement.”

Mr. Benkert graduated from Indiana University in 1980. He practiced as a CPA for 6 years before starting his 30 year career with Vectren. While at Vectren companies, he served as assistant treasurer, controller, president of shared services, interim treasurer, executive vice president and chief financial officer, and briefly as executive vice president and chief administrative officer before retiring in 2015.

Through service on internal boards, industry associations, and outside boards including Deaconess Health System, South Central Inc., Boy Scouts, and the Southern Affiliate of Fifth Third Bank, Mr. Benkert has both participated and led boards and board committees, including compensation, audit, governance, executive, nominating, and finance. His experience includes public companies, private companies, and not for profits.