The Boards of Directors of The Adams Express Company and the Petroleum & Resources Corp. 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.