Commerce Bank has promoted Paul Steiner to corporate controller and chief accounting officer of Commerce Bancshares, effective immediately. In this role, Steiner will lead corporate accounting functions including corporate tax, regulatory reporting, accounting policy, and risk management while also managing the company’s accounting staff.

A 12-year veteran of Commerce, Steiner has more than 25 years of accounting experience, including eight years in public accounting. He most recently served as assistant controller and managed a number of accounting areas, including the corporate tax function.

Matt Burkemper, who joined Commerce Bank in January 2018 as senior vice president of corporate development, will assume responsibilities for leading investor relations. Burkemper has worked in the banking industry for over 12 years with extensive experience in finance, strategic planning, lending, and business transformation. All inbound investor relations queries will be directed to Burkemper going forward.

Steiner’s promotion to controller and chief accounting officer and Burkemper’s added responsibilities for leading investor relations is preceded by the retirement announcement of Jeff Aberdeen, who will be retiring on June 28 following 31 years of leadership at Commerce. “His exit comes at the end of a well-organized, multi-year succession plan,” the company stated. Aberdeen will continue to support the finance team until his retirement date.