John Sherman is an entrepreneur who has started and developed two successful businesses based in Kansas City, Missouri. His first startup, LPG Services, grew rapidly and merged with Dynegy (NYSE:DYN) in 1996.
Mr. Sherman is the founder and past Chairman and CEO of Inergy, L.P. and Inergy Midstream, L.P. Inergy was founded by Mr. Sherman in 1996 and became a public company in 2001. Mr. Sherman led the company through a period of tremendous growth, creating total enterprise value of nearly $5 billion prior to merging with Crestwood Holdings. The merger with Crestwood created a diverse North American energy infrastructure company with a $9 billion enterprise value. Mr. Sherman currently serves on the boards of the combined companies – Crestwood Equity Partners LP (NYSE:CEQP) and Crestwood Midstream Partners LP (NYSE:CMLP).
Mr. Sherman also serves on the board of Great Plains Energy (NYSE:GXP) where he chairs the Compensation Committee and is a member of the Audit Committee.
Mr. Sherman has served and supported the Kansas City community extensively. His philanthropic work has primarily been in education, focused on narrowing the educational opportunity gap for the underserved. He serves as Chair of the Board of Directors for both the Civic Council of Greater Kansas City and The Truman Presidential Library Institute. He is also on the Board of Directors of the University of Missouri – Kansas City (UMKC) Foundation and Teach for America Kansas City. He is a trustee of the Kauffman Foundation, UMKC, and MRIGlobal.
Mr. Sherman has been recognized with numerous honors, including as an Ernst & Young Entrepreneur of the Year, among others. In 2009, he was named Entrepreneur of the Year by UMKC’s Bloch School of Business and the Council for Entrepreneurship and Innovation. In 2012, he received the Hope Award from the National MS Society for his philanthropic work in the Kansas City community.