SAN FRANCISCO, November 17, 2022 /PRNewswire/ — Dodge & Cox today announced the appointment of Shawn N. Purvis as an Independent Trustee of the Board of Directors of Dodge & Cox Funds. In addition, independent trustees John Taylor and Robert Morris will leave the board of directors on December 31, 2022 after 21 and 11 years of service, respectively.
Ms. Purvis is currently President and Chief Executive Officer of QinetiQ US, a segment of QinetiQ Group plc, which she joined in February 2022. She oversees all operational aspects of the company and its transformation into a world-class provider of innovative defense and security solutions. Previously, Ms. Purvis held senior roles over a decade at Northrop Grumman, including Vice President and President of Business Services, Chief Information Officer, Vice President of Industry and General Manager of the Cyber Business Information Systems, and Vice President President for Integrated Intelligence Systems. Earlier in her career, she held senior positions at SAIC and Lockheed Martin.
John Taylor has been an independent director since 2005 and previously from 1995 to 2001. Dr. Taylor is Professor of Economics at Stanford University (since 1984) and Senior Fellow at the Hoover Institution (since 1996). During his career, he has held numerous government positions, including that of Undersecretary for International Affairs at the US Treasury from 2001 to 2005. He also served on the Council of Economic Advisers during the Ford, Carter and George H. W. Bush governments, as a director of the Overseas Private Investment Corporation and as a member of the advisory committee of the Congressional Budget Office.
Robert Morris has been an independent director since 2011. Mr. Morris has built a distinguished career in the financial services industry, culminating as head of global investment research and partner at Goldman Sachs. Earlier in his career, he was a securities analyst at several of the top investment banking firms in the United States. Many advisory and trust boards of charitable, educational and non-profit organizations have also benefited from his expertise and guidance over many years.
Gary Rougheadlead independent trustee of the Dodge & Cox funds, said: “We are very pleased to welcome Shawn N. Purvis on the board of the Dodge & Cox funds. Our Board of Directors, the Funds and their shareholders will benefit from Shawn’s extensive experience and guidance. We are also extremely grateful for the service of John Taylor and Robert Morris for many years to come, and we wish them well in all their future endeavours.”
The Dodge & Cox Funds Board of Directors oversees the seven Dodge & Cox Funds and, effective January 1, 2023, will be composed of 10 trustees, eight of whom are independent. The Independent Trustees include Ms. Purvis and Luis Borgenwho was appointed in September of this year, as well as Caroline Hoxby, Thomas Larsen, Anne Mather, Gabriela Franco Parcela, Gary Rougheadand Mark Smith. Charles Pohlwho retired from Dodge & Cox in June 2022and Dana EmeryPresident and CEO of Dodge & Cox, will continue to serve on the funds’ board of directors.
Founded in 1930, Dodge & Cox operates $302 billion for retail and institutional investors in UCITS, UCITS and separate accounts from September 30, 2022. For more information on Dodge & Cox, please visit our website: www.dodgeandcox.com.
Before investing in a Dodge & Cox Fund, you should carefully consider the Fund’s investment objectives, risks, and charges and expenses. To obtain a Fund’s prospectus and simplified prospectus, which contains this and other important information, go to dodgeandcox.com or call 800-621-3979. Please read the prospectus and simplified prospectus carefully before investing.
Dodge & Cox funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Dodge and Cox.
Investing involves risk. Capital loss is possible.
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SOURCE Dodge & Cox