Mark Stoeckle Becomes CEO of Adams Express (ADX), P&R (PEO) Funds

January 28, 2013 9:32 AM EST Send to a Friend
The Boards of Directors of The Adams Express Company (NYSE: ADX) and Petroleum & Resources Corporation (NYSE: PEO) named Mark E. Stoeckle as Chief Executive Officer for the Funds, succeeding long-time Chief Executive Officer Douglas G. Ober, who previously announced plans to retire this year.

Mr. Stoeckle has had a distinguished 30-year career in financial services and asset management, and brings a wealth of investment and business experience to the role. He comes to the Funds from the global investment management firm BNP Paribas Investment Partners, in Boston, where he has served since 2004 as Chief Investment Officer, U.S. Equities and Global Sector Funds.

At BNP Paribas Investment Partners, Mr. Stoeckle and his team managed about $5 billion in domestic and global equities. Under Mr. Stoeckle's leadership, the team developed and implemented a disciplined and systematic investment process with a particular emphasis on risk management. Prior to that, he co-founded a long/short market-neutral equity fund. He also has served in portfolio management roles for Liberty Financial Corporation and MFS Institutional Advisors. Earlier in his career, Mr. Stoeckle was a Senior Vice President in the Investment Banking Group at Bear, Stearns & Co.


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