Correction appended below

Chancellor Mark Wrighton recently announced six new members to Washington University’s board of trustees. New board members Gregory Boyce, John Dains, Steven Leer, George Paz and Harry Seigle began their terms July 1. George P. Bauer began his term in December.

The new members were selected in a collaborative effort by both Wrighton and the board. The board of trustees’ main goal is to oversee the implementation of the mission of the University and to select and evaluate the chancellor. Much of what the board does relates to the endowment and how the interest from the endowment is spent each year.

“We try to pick people who have high integrity and commitment to the values we have for the community, which include an aspiration for innovation,” Wrighton said.

George P. Bauer
Affiliation: GPB Group Ltd.
Education: Bachelor’s and master’s degrees in engineering from Washington University.
Bauer is chairman and CEO of GPB Group Ltd., an investment-banking firm based in New Canaan, Conn. Bauer has spent 31 years with IBM Corp., holding executive positions in marketing, finance, and business systems, including chief financial officer positions of several IBM divisions. He also held leadership positions in IBM’s European operations. After his retirement in 1987, he became executive professor of management information systems at Georgia State University.

Gregory H. Boyce
Affiliation: Peabody Energy
Education: Bachelor’s degree in mining engineering from the University of Arizona,  advanced management program degree from Harvard University’s Graduate School of Business.
Boyce is chairman and CEO of St. Louis-based Peabody Energy, the world’s largest private-sector coal company. Boyce was once CEO for Rio Tinto mining company in London as well as president and CEO of Kennecott Energy Co., which became the nation’s second-largest coal company during his tenure. In April 2009, Boyce was ranked 114th in the country for highest CEO salary by Forbes magazine.

George Paz
Affiliation: Express Scripts Inc.
Education: Bachelor’s degree from the University of Missouri-St. Louis.
Paz is chairman, president and chief executive officer of St. Louis-based Express Scripts Inc., one of the largest pharmacy benefits management companies in North America, with more than 50 million members. Paz joined Express Scripts in 1998 as senior vice president and chief financial officer. Previously, he was a partner at Coopers and Lybrand, managing the firm’s Midwest insurance practice, and was executive vice president and chief financial officer for Life Partners Group.

Harry Seigle
Affiliation: The Elgin Company
Education: Bachelor’s degree from Washington University, J.D. from Northwestern University.
Seigle is principal of The Elgin Co. in Elgin, Ill., a company involved in real-estate acquisition and management, private investing and philanthropy. Previously, he was chairman and president of Seigle’s Inc., an Elgin-based, family-owned building supply company that was sold to Stock Building Supply in 2005. He worked for Chapman and Cutler LLP in Chicago before joining his family’s business, then known as Elgin Lumber Co., founded in 1881.

Steven F. Leer
Affiliation: Arch Coal Inc.
Education: Bachelor’s degree in electrical engineering from the University of the Pacific, MBA from Washington University’s Olin Business School.
Leer is chairman and chief executive officer of Arch Coal, Inc. He was president and chief executive officer from the time the company was formed in 1997 to 2006. Prior to the launch of Arch Coal, he was president and chief executive officer of Arch Mineral Corp., one of Arch Coal’s predecessor companies. He also has held executive positions with the Valvoline Co., Ashland, Inc. and Ashland Coal, Inc. Leer is a member of The Wall Street Journal’s CEO Council, a yearly conference that covers worldwide economic issues.

John F. Dains
Affiliation: Helm Financial Corp.
Education: Bachelor’s degree from the Olin Business School at Washington University.
Dains is chief executive officer of Helm Financial Corp., a leading railcar and locomotive operating leasing company based in San Francisco. Dains joined Helm Financial Corp. in 1987 as chief financial officer and was named president and chief operating officer in 2000. In 2005, he was named CEO. Before joining Helm Financial Corp., Dains worked at IC Industries in Chicago as vice president of finance for the Railroad Products Group of the Abex Corp. subsidiary. Dains made significant contributions to Hillary Clinton’s campaign.