Gregory Buckley Elected Executive Vice President and a Portfolio Manager of Adams Natural Resources Fund

Rhea-AI Summary

On January 25, 2023, Adams Natural Resources Fund (NYSE: PEO) announced the election of Gregory W. Buckley as Executive Vice President and Portfolio Manager, effective upon the retirement of CEO Mark Stoeckle in April. Buckley, who joined the fund in 2013 as a senior equity analyst, has held the position of Vice President-Research since 2015 and has extensive experience in the energy and utilities sectors. He previously worked with BNP Paribas and Citadel LLC, and holds degrees from Villanova University and the University of North Carolina. Adams Natural Resources Fund is recognized as a leading closed-end fund specializing in energy and natural resources.

Positive

• Gregory W. Buckley's election as Executive VP could enhance leadership continuity.
• Buckley brings extensive experience in energy and utilities, potentially benefiting the fund's management.

Negative

• None.

BALTIMORE, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced that Gregory W. Buckley has been elected Executive Vice President and a Portfolio Manager of the Fund effective upon CEO Mark Stoeckle’s retirement in April.

Mr. Buckley joined Adams Natural Resources Fund in September 2013 as a senior equity analyst covering the energy and utilities sectors. He was promoted to Vice President-Research in April 2015. He is also a Vice President-Research of Adams Diversified Equity Fund, Inc., PEO’s affiliate, since 2019. “Greg has proven his ability as a talented analyst and exhibited the insight that incoming CEO Jim Haynie and I believe will make him a valuable member of the portfolio management team,” said Mr. Stoeckle.

Mr. Buckley began covering the energy sector in 1999 and prior to joining Adams Funds worked at BNP Paribas as an Equity Analyst and Portfolio Manager. His experience also includes managing a long/short Energy fund at Citadel LLC and working as an Energy Analyst at Pioneer Investments.

Mr. Buckley holds a Bachelor of Science degree in Finance from Villanova University and an MBA from the Kenan-Flagler Business School at the University of North Carolina.

Adams Natural Resources Fund, Inc. is one of the nation’s oldest and most respected closed-end funds, and is the longest-tenured closed-end fund specializing in energy and natural resources stocks.

About Adams Funds
Since 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.

FAQ

Who has been elected as the new Executive Vice President of Adams Natural Resources Fund (PEO)?

Gregory W. Buckley has been elected as the new Executive Vice President of Adams Natural Resources Fund (PEO).

When is the retirement date for the current CEO of PEO?

The current CEO, Mark Stoeckle, will retire in April 2023.

What experience does Gregory W. Buckley have in the energy sector?

Gregory W. Buckley has been covering the energy sector since 1999 and worked as an Equity Analyst and Portfolio Manager at BNP Paribas and Citadel LLC.

What is the focus of Adams Natural Resources Fund (PEO)?

Adams Natural Resources Fund specializes in energy and natural resources stocks.