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BNP Paribas
New CEO named for Adams Express and Petroleum & Resources funds

Mark E. Stoeckle has been named CEO of Baltimore-based Adams Express Co. and Petroleum & Resources Corp., replacing Douglas G. Ober, who last year announced his intention to retire. Stoeckle, 56, has been the chief investment officer of the U.S. Equities and Global Sector Funds for BNP Paribas Investment Partners, a Boston investment management firm. "With his outstanding record of achievement, he has the leadership ability and experience that are ideally suited to lead our portfolio management team and the companies," said Daniel E. Emerson, the lead independent director for the two companies, in a statement. "His having managed U.S. and global assets with a strong...