ST. LOUIS, May 05, 2016 (GLOBE NEWSWIRE) -- Enterprise Financial Services Corp (NASDAQ:EFSC) announced that John S. Eulich has been named non-executive Chairman of the Board. Eulich, who joined the board in 2010, is a prominent St. Louis entrepreneur and private investor.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/50a1ddd2-0ea7-4e18-bfea-88a412f8411c.
Eulich succeeds James J. Murphy, Jr., who remains a director. Murphy is chairman of Murphy Company, a leading mechanical specialty contracting firm based in St. Louis. He has served on the Enterprise board since 2002. Murphy was named Lead Independent Director in 2005 and non-executive Chairman of the Board in 2008.
Murphy commented, “Serving as chairman has been a deeply rewarding experience and I look forward to continuing my involvement with Enterprise on the board. John Eulich is ideal for this role. He’s been a successful management consultant, executive, entrepreneur and investor – and a very effective director. John has a deep understanding of and appreciation for the entrepreneurial businesses that represent the heart of Enterprise’s client base.”
Eulich said, “I’m honored to serve as chairman and excited about the opportunities in front of this company. Enterprise has a powerful business model, a terrific management team and a strong, engaged board. I look forward to working more closely with CEO Peter Benoist and the rest of our directors.”
Eulich recently sold his majority interest in ASPEQ Heating Group, Inc. a manufacturer of electric heaters and controls for commercial, industrial, military and transportation applications. He is currently investing in small manufacturing companies, generally in the Midwest. Eulich was formerly president and CEO of Mark Andy, Inc. a leading printing equipment manufacturer, and headed the management consulting group for Mark Twain Bancshares, Inc.
Eulich earned a BS in Chemical and Petroleum Engineering from the Colorado School of Mines and an MBA from the Harvard Business School.
Eulich also serves on the board of LMI Aerospace in St. Louis as Chairman of the Corporate Governance and Nominating Committee and a member of its Audit and Compensation Committees. He is chairman of the board of Charlotte’s Capital Partners and continues to serve on ASPEQ Heating Group’s board. Eulich serves on the Advisory Board of Automation Service and is a member of the Billikens Angels Network, Saint Louis University’s angel investment group. He is also past chairman of AAIM’s Employer’s Association.
Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis, Kansas City and Phoenix. Enterprise is primarily focused on serving the needs of privately held businesses, their owner families, executives and professionals.