BALTIMORE, MARYLAND -- SEPTEMBER 15, 2008 - Brian S. Hook, CFA, CPA, recently joined both Adams Express Company (NYSE:ADX) and Petroleum & Resources Corporation (NYSE: PEO) as an Assistant Treasurer.
Prior to joining the Companies, Mr. Hook was a Vice President at T. Rowe Price Associates and a Senior Manager in its Investment Treasury Group where he focused on accounting, reporting, and valuation policies for global investment products. Prior to that, he was a Business Assurance Manager with Coopers & Lybrand L.L.P. (a predecessor firm of PricewaterhouseCoopers, L.L.P.) serving investment management and private equity clients.
"Brian Hook's strong background in accounting and finance makes him a solid addition to our accounting team," said Doug Ober, Chairman and CEO. "We look forward to working with him to continue executing sound fiscal management of Adams Express and Petroleum & Resources."
Mr. Hook earned a B.S. in Accounting and a B.S. in Finance (both Cum Laude) along with a minor in Management Information Systems from the University of Delaware and a M.S. in Finance from The Johns Hopkins University. He is a Chartered Financial Analyst and a Certified Public Accountant.
The Adams Express Company and Petroleum & Resources Corporation are Baltimore-based closed-end investment companies. They are traded on the New York Stock Exchange and their symbols are ADX and PEO, respectively.
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For further information, please contact:
Lawrence L. Hooper, Jr., Vice President, General Counsel & Secretary
(410) 752-5900 or (800) 638-2479
E-mail: contact@peteres.com
Website: www.peteres.com
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