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Adams Diversified Equity Fund Inc (ADX)

ADX on New York Consolidated

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20 Oct 2017
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Summary

Name Age Since Current Position

Kathleen McGahran

66 2013 Independent Chairman of the Board

Mark Stoeckle

60 2015 President, Chief Executive Officer, Director

Brian Hook

47 2013 Chief Financial Officer, Vice President, Treasurer

Nancy Prue

62 2015 Executive Vice President, Director - Shareholder Communications

James Haynie

54 2015 Executive Vice President

D. Cotton Swindell

53 2015 Executive Vice President

Lawrence Hooper

64 2004 Vice President, Chief Compliance Officer, General Counsel, Secretary

Enrique Arzac

75 1983 Independent Director

Phyllis Bonanno

73 2003 Independent Director

Kenneth Dale

60 2008 Independent Director

Frederic Escherich

64 2006 Independent Director

Roger Gale

70 2005 Independent Director

Lauriann Kloppenburg

2017 Independent Director

Craig Smith

70 2005 Independent Director

Biographies

Name Description

Kathleen McGahran

Dr. Kathleen T. McGahran, Ph.D. J.D. CPA is the Independent Chairman of the Board of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. Dr. McGahran has served as the Chair of the Fund’s Board of Directors since March 19, 2013. She is a CPA, a lawyer, and holds a Ph.D. in Accounting and Finance from New York University, and brings to the Board a very broad and valuable skill set. She is the President and CEO of Pelham Associates, an executive education provider. She has served on the faculties of the Tuck School of Business at Dartmouth College, the Graduate School of Business at Columbia University, and the Stern School of Business at New York University. Dr. McGahran has expertise in financial analysis and has conducted financial analysis training programs for Wall Street firms and Fortune 500 companies. She has been deemed an audit committee financial expert, as that term is defined in federal regulations, by her fellow directors and served as Chair of the Fund’s Audit Committee for several terms.

Mark Stoeckle

Mr. Mark E. Stoeckle is the President, Chief Executive Officer and Director of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. Mr. Stoeckle has been CEO of the Fund and PEO since February 11, 2013, was elected President of the Fund on January 21, 2015, and was elected to the Board of Directors of the Fund and PEO on February 14, 2013. 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. Previously, he was Chief Investment Officer, U.S. Equities and Global Sector Funds, at the global investment management firm BNP Paribas Investment Partners and managed approximately $5 billion in domestic and global equities.

Brian Hook

Mr. Brian S. Hook, CPA is the Chief Financial Officer, Vice President and Treasurer of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. Prior thereto, he served as Chief Financial Officer and Treasurer of the Fund and PEO from March 20, 2012 to March 19, 2013, as Treasurer of the Fund and PEO from June 1, 2009 to March 20, 2012, and as Assistant Treasurer of the Fund and PEO from September 2008 to June 1, 2009. Prior to joining the Fund, he was a Vice President and Senior Manager at T. Rowe Price from March 1998 to August 2008, and a business assurance manager with Coopers & Lybrand L.L.P. prior thereto.

Nancy Prue

Ms. Nancy J.F. Prue is the Executive Vice President and Director of Shareholder Communications of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. She has served as Executive Vice President, Director of Shareholder Communications of the Fund and PEO since January 21, 2015. Prior to that, she served as Executive Vice President of the Fund from March 23, 2010 to January 21, 2015, and as a research analyst from 1982 to March 23, 2010. She also served as President of PEO from March 2012 to January 2015, as Executive Vice President from July 2009 to March 2012, as Vice President from 2005 to July 2009, and as Vice President – Research from 1986 to 2005.

James Haynie

Mr. James P. Haynie is the Executive Vice President of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. He has served as Executive Vice President of the Fund since January 21, 2015, and before that, served as President of the Fund beginning in August 19, 2013. He has also served as the President of PEO since January 21, 2015 and as the Executive Vice President from August 19, 2013 to January 21, 2015. Prior to joining the Fund, he was Chief Investment Officer, U.S. Equities at BNP Paribas Investment Partners from February 2013 and was Senior Portfolio Manager at BNP Paribas Investment Partners from 2005 to 2013.

D. Cotton Swindell

Mr. D. Cotton Swindell is the Executive Vice President of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. He has served as Executive Vice President since January 21, 2015. Prior to that, he served as Vice President – Research beginning on March 30, 2004 and as a research analyst beginning in 2002.

Lawrence Hooper

Mr. Lawrence L. Hooper, Jr. is the Vice President, Chief Compliance Officer, General Counsel and Secretary of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. He has served as the Chief Compliance Officer of the Fund and PEO since April 8, 2004, as Vice President of the Fund and PEO since March 30, 1999, and as General Counsel and Secretary of the Fund and PEO since April 1, 1997. Prior thereto, he was a partner in a Baltimore, Maryland law firm.

Enrique Arzac

Prof. Dr. Enrique R. Arzac, Ph.D. is an Independent Director of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. He is Professor Emeritus of Finance and Economics at the Graduate School of Business, Columbia University. Currently a director of PEO (1), Aberdeen Asset Management Funds (6 closed-end investment companies), Credit Suisse Asset Management Funds (2 closed-end investment companies and 9 open-end funds), and Mirae Discovery Funds (6 open-end funds). In addition, within the past five years, Dr. Arzac served as a director of Epoch Holdings Corporation (an investment management and investment advisory services company) and Starrcomms PLC (telecommunications company). Dr. Arzac brings to the Board extensive expertise in asset management and securities valuation, international finance, and corporate finance gained from his many years on the faculty of Columbia University’s Graduate School of Business and through consulting with corporations and financial institutions for more than 30 years. Dr. Arzac has published many articles on corporate finance, valuation, portfolio management, and commodity markets in numerous academic journals. He has been deemed an audit committee financial expert, as that term is defined in federal regulations, by his fellow directors and served as Chair of the Fund’s Audit Committee for several terms. In addition, Dr. Arzac’s service on the boards of other investment companies provides him with a deep understanding of investment company oversight.

Phyllis Bonanno

Ms. Phyllis O. Bonanno is an Independent Director of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. Ms. Bonanno Retired President & CEO of International Trade Solutions, Inc. (consultants). Formerly, President of Columbia College, Columbia, South Carolina, and Corporate Vice President of Warnaco, Inc. (apparel). Currently a director of PEO (1). Ms. Bonanno also served as a director of Borg-Warner Inc. (industrial) and Mohawk Industries, Inc. (carpets and flooring) within the past five years. She brings to the Board operational, academic and public policy knowledge. Ms. Bonanno gained public policy expertise through her 10 years of service as the first director of the U.S. Trade Representative’s Office of Private Sector Liaison in the Executive Office of Presidents Carter and Reagan. She developed global business knowledge and expertise in the manufacturing sector and international trade rules and regulations during her employment as Corporate Vice President of International Trade of Warnaco, Inc., a worldwide apparel manufacturer, and as President and CEO of International Trade Solutions, Inc., an international trade consulting firm. In addition, Ms. Bonanno’s service on other public company boards in varied industries has provided her with valuable experience.

Kenneth Dale

Mr. Kenneth James Dale is an Independent Director of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. Mr. Dale was Senior Vice President and Chief Financial Officer of The Associated Press. Formerly, Vice President, J.P. Morgan Chase & Co. Inc. Currently a director of PEO. He brings broad expertise in financial management to the Board. He serves as Senior Vice President and Chief Financial Officer of The Associated Press (AP), one of the largest newsgathering organizations in the world. His responsibilities at AP include all corporate finance activities, internal audit, global real estate and administrative services, and oversight of AP’s software business, ENPS. Prior to joining AP, Mr. Dale spent 21 years as an investment banker at J.P. Morgan Chase & Co. Inc., advising media and entertainment clients on mergers and acquisitions and corporate finance transactions. He has been deemed an audit committee financial expert, as that term is defined in federal regulations, by his fellow directors and served as the immediate past Chair of the Fund’s Audit Committee.

Frederic Escherich

Mr. Frederic A. Escherich is an Independent Director of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. Mr. Escherich is a Private Investor. Formerly, Managing Director and head of Mergers and Acquisitions Research and the Financial Advisory Department with J.P. Morgan & Co. Inc. Currently a director of PEO. Mr. Escherich brings to the Board extensive knowledge of securities investing and stock valuation gained from his 25 years at J.P. Morgan & Co. Inc. During his tenure at J.P. Morgan & Co. Inc., Mr. Escherich served as head of mergers and acquisitions research for many years, and his responsibilities included evaluating numerous issues related to maximizing shareholder value and setting policies and procedures in connection with the valuation of companies, the assessment of various transaction types, analytical techniques and securities. Since retiring in 2002, Mr. Escherich has focused full-time on private investing and is familiar with the dynamics of today’s equity markets. He has been deemed an audit committee financial expert, as that term is defined in federal regulations, by his fellow directors and currently serves as the Chair of the Fund’s Audit Committee.

Roger Gale

Dr. Roger W. Gale, Ph.D. is an Independent Director of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. He was President & CEO of GF Energy, LLC (consultants to electric power companies). Formerly, member of management group of PA Consulting Group (energy consultants). Currently a director of PEO (1). Dr. Gale also served as a director of Ormat Technologies, Inc. (geothermal and renewable energy) within the past five years. Dr. Gale brings to the Board in-depth knowledge of the electric power industry and U.S. and international energy policy from his service in private industry and in the public sector. Dr. Gale has gained electric utility industry expertise through his many years of service as a consultant, and has been quoted on electric utility issues in leading business publications and television news programs. He previously served on the boards of a Fortune 500 energy conglomerate and a publicly-traded geothermal energy company. Dr. Gale holds a Ph.D. in political science from the University of California, Berkeley.

Lauriann Kloppenburg

Ms. Lauriann C. Kloppenburg serves as Independent Director of the Company. Ms. Kloppenburg retired as Chief Strategy Officer from Loomis, Sayles & Company, a privately-owned investment manager, in 2013 after over 30 years with the company. She began her career as a research assistant and served in a number of roles of increasing responsibility at Loomis, including Director of Equity Research from 1997 to 2004. She was Loomis' Equity Chief Investment Officer from 2004 to 2012, and was also a member of its Board of Directors from 2000 to 2013. Ms. Kloppenburg is a graduate of Wellesley College. She is currently a Board member of the Forte Foundation, a Trustee for the Trustees of Donations for the Protestant Episcopal Church, and serves on Advisory Boards for Bentley University andChamplain College.

Craig Smith

Dr. Craig Robert Smith, M.D. is an Independent Director of Adams Diversified Equity Fund, Inc., previously known as Adams Express Company. Dr. Smith, a physician and former long-time member of the faculty at the Johns Hopkins University School of Medicine, brings to the Board extensive experience in the pharmaceuticals and biotech industries. He recently retired as the Chief Operating Officer of Algenol LLC, a research company focusing on the production of ethanol and other high-value green chemicals from algae. He previously was President and founder of Williston Consulting, a consulting company for the pharmaceutical and biotech industries. Prior to founding Williston Consulting, Dr. Smith was Chairman, President, CEO, and a co-founder of Guilford Pharmaceuticals, a biopharmaceutical company that he grew to become a publicly traded company.