BALTIMORE, March 16 /PRNewswire-FirstCall/ -- The Adams Express Company (NYSE: 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 University of Baltimore. She is a member of the American Institute of Certified Public Accountants and served on the Board of Directors for the Maryland Chapter of the Arthritis Foundation.
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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Joseph M. Truta, President
Lawrence L. Hooper, Jr., Vice President, Secretary and General Counsel
410-752-5900 or 800-638-2479
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SOURCE The Adams Express Company