CHESTERFIELD, Mo.–NewGround has announced the appointment of Tim Murphy as Vice President of Business Development. He will be responsible for leading business development activities for the states of Kentucky, Ohio and Tennessee.
Tim is a seasoned executive with a strong retail background in the hospitality industry, the company said. He has over 25 years of experience in business development, digital/online marketing and media, brand management, entrepreneurship and innovation. Prior to joining NewGround, Tim held numerous management positions, including serving as the Senior Director of National Retail Sales for Anheuser-Busch InBev (ABI) where he was responsible for leading a sales team to accomplish probability growth initiatives nationwide. During his time with ABI, he was responsible for managing a $10 million annual sales budget and a $100 million annual brand and creative budget for television, radio, print and outdoor marketing. Currently, Tim teaches an MBA-level course on entrepreneurship and innovation at St. Louis University.
“Tim brings a dynamic sales and marketing background to NewGround. His experiences in retail and business development is a perfect match for our strategic initiatives. I’m confident he will be able to draw upon his education and previous experience to create client-focused business solutions and initiatives that support revenue growth while also increasing customer retention,” said Jeff Winter, Senior Vice President of Business Development.
Tim holds a Master of Business Administration from Webster University in St. Louis, Missouri and a Bachelor of Science in Marketing from University of Missouri St. Louis in St. Louis, Missouri.
Tim is on the Board of Directors at the BASE Foundation and is on the Advisory Board of Stadia Ventures.
“With my experience in digital marketing and innovative thinking, I look forward to working with NewGround clients to imagine the future. The banking industry is going through a transformation and I am excited to be with a company who is on the forefront of innovation,” said Tim Murphy.