Adams Diversified Equity Fund and Adams Natural Resources Fund Announce Retirement of Mark E. Stoeckle
20 Avril 2023 - 10:10PM
Adams Funds, comprised of Adams Diversified Equity Fund, Inc.
(NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO), two
of the nation’s oldest closed-end funds, today announced that,
after 10 years leading the Companies, Mark E. Stoeckle has retired.
He served as Adams Funds’ Chief Executive Officer since February
2013 and President of ADX since January 2015. He also led the
Funds’ Management Committee.
Before joining Adams Funds, Mark had a 32-year
career in financial services and asset management. He came to the
Funds from the global investment management firm BNP Paribas
Investment Partners and last served as Chief Investment Officer,
U.S. Equities and Global Sector Funds. Prior to that, he co-founded
646 Advisors, a long/short market-neutral equity fund. He also
served in portfolio management roles for Liberty Financial
Corporation and MFS Institutional Advisors. Earlier in his career,
Mark was a Senior Vice President in the Investment Banking Group at
Bear, Stearns & Co.
A graduate of Bethany College in West Virginia, Mr.
Stoeckle earned an MBA in Finance from the F.W. Olin Graduate
School of Business at Babson College. He will continue to serve
Adams Funds in his role as a director on the Boards.
Adams Funds also announce that James P. Haynie, who
was elected by the Boards to succeed Mr. Stoeckle, has assumed his
new responsibilities as Chief Executive Officer of Adams Funds and
has also been elected to the Boards, effective today.
Kenneth J. Dale, Chairman of the Boards, said
“Mark’s distinguished service and contributions to the success of
the Funds, including navigating turbulent markets and an
unprecedented pandemic, have served our shareholders well and we
wish him all the best in retirement. We are confident that our
shareholders will continue to be well served by Jim Haynie as he
steps into his new responsibilities.”
About Adams FundsSince 1929, Adams Funds has
consistently helped generations of investors reach their investment
goals. Adams Funds is comprised of two closed-end funds, Adams
Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural
Resources Fund, Inc. (NYSE: PEO).The Funds are actively managed by
an experienced team with a disciplined approach and have paid
dividends for more than 85 years across many market cycles. The
Funds are committed to paying an annual distribution rate of 6% or
more, providing reliable income to long-term investors. Shares can
be purchased through our transfer agent or through a broker. For
more information about Adams Funds, please visit:
adamsfunds.com.
For further information please
contact:adamsfunds.com/about/contact800.638.2479
Adams Natural Resources (NYSE:PEO)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Adams Natural Resources (NYSE:PEO)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024