Adams Diversified Equity Fund, Inc. and Adams Natural Resources Fund, Inc. announced that Mark E. Stoeckle will retire as Chief Executive Officer and that the Boards of Directors have appointed James P. Haynie to succeed him. Mr. Stoeckle will step down as Chief Executive Officer in April 2023 after ten years with the Funds. He has served as Adams Funds' Chief Executive Officer since his appointment in February 2013 and successfully led the Funds through a variety of different markets, including periods of extreme volatility and the COVID-19 pandemic.

Under Mr. Stoeckle's leadership, the Funds achieved and maintained excellent performance. Mr. Stoeckle has agreed to continue to serve the Funds by remaining on the Boards of Directors after his retirement as CEO. He will stand for election to the Boards at the next Annual Meetings of Stockholders.

Mr. Haynie is currently Executive Vice President of Adams Diversified Equity Fund and President of Adams Natural Resources Fund. He has served as a Senior Portfolio Manager and member of each Fund's investment committee since joining Adams Funds in August 2013. He will also join the Boards in April 2023.

Mr. Haynie has over 35 years of experience in financial services and asset management, the last nine with Adams Funds. He is a key member of the team that developed the Funds' disciplined investment approach, which includes a focus on risk management. Mr. Haynie came to the Funds from the global investment management firm BNP Paribas Investment Partners, where he served as Chief Investment Officer, U.S. Equities.

Prior to joining BNP, he co-founded 646 Advisors, a long/short market-neutral equity fund. He also served in portfolio management roles for Liberty Financial Corporation and Trinity Investment Management. Earlier in his career, he worked at Chemical Bank.

A graduate of Colorado College, Mr. Haynie earned an MBA in Finance from the Tuck School of Business at Dartmouth College. He is a Chartered Financial Analyst.