BALTIMORE, MARYLAND - MARCH 16, 2009 - The Adams Express Company (ADX) announces that, after 21 years with the Company, Maureen A. Jones, Vice President, Chief Financial Officer, and Treasurer, will retire on May 31, 2009. Ms. Jones, a C.P.A., joined the Company in 1988 and has served as Vice President, Chief Financial Officer and Treasurer since 2002. Previously, she served as Treasurer beginning in 1993 and as Vice President and Treasurer from 1998 to 2002. Douglas Ober, Chairman and CEO of the Company, said about her retirement: “We thank Maureen for her outstanding service to the Company and our shareholders over the past 21 years. She has masterfully helped to steer the Company through the myriad of changes in the accounting rules that have occurred during that time and I have come to rely on her keen mind and thorough approach. While we have been planning for this day for some time and have a succession plan in place, we will greatly miss Maureen.”
Prior to joining the Company, Ms. Jones was a Senior Auditor with Coopers & Lybrand LLP. She received her B.S. in Accounting from the
The Adams Express Company is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange under the symbol ADX.
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For further information, please contact:
Joseph M. Truta, President
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
at (410) 752-5900 or (800) 638-2479
E-mail: contact@adamsexpress.com
Website: www.adamsexpress.com
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