John Kemper will take over as CEO of Commerce Bancshares Inc. (Nasdaq: CBSH) on Wednesday. Kemper, who is the son of outgoing CEO David Kemper, will see his base pay jump 49 percent.
John Kemper, 40, currently serves as president and COO of the bank holding company. He also has been a company director since 2015.
Last year, Kemper earned a base salary of $604,921. As CEO, his base pay will rise to $900,000 a year, and he will be eligible for an annual cash incentive worth up to 100 percent of his…
