CHICAGO, May 4 /PRNewswire/ -- On April 26, 2006, Steven S. Rogers was
elected to The Oakmark Funds' Board of Trustees. His election brings the
total number of trustees on the Oakmark Board to 10, of which 8 are
Rogers, 48, is a professor at Kellogg School of Management,
Northwestern University, where he has taught since 1995.
For more information about The Oakmark Funds, including Fund
information, articles and manager commentary, please visit
ABOUT STEVEN S. ROGERS
Steven Rogers is the Gordon and Llura Gund Family Distinguished
Professor of Entrepreneurship. Professor Rogers teaches Entrepreneurial
Finance at Kellogg and is the Director of the Larry and Carol Levy
Institute for Entrepreneurial Practice. Before joining Kellogg, he owned
and operated two manufacturing firms and one retail operation. Prior to
becoming an entrepreneur, Mr. Rogers worked at Bain and Company Consulting,
Cummins Engine Company and UNC Ventures, a venture capital firm.
Mr. Rogers has received numerous awards during his career. In 1998,
Ernst and Young named him Entrepreneur of the Year and in 1996 Business
Week magazine recognized him as one of the top 12 entrepreneurship
professors at U.S. graduate business schools. He has also received the
award for Outstanding Professor of the Year twice from Kellogg (the only
professor to have received the award twice) and twelve times from Kellogg's
Mr. Rogers currently serves on the Board of Directors of SC Johnson
Wax, W.S. Darley and Company, SuperValu (NYSE), Duquesne Light (NYSE), and
Amcore Financial. His non-profit work includes service as a board member
for the A Better Chance Program. Mr. Rogers is also a member of the Harvard
Business School Visiting Committee and a Trustee of Williams College. He
received an MBA from Harvard Business School and a Bachelor of Arts degree
from Williams College.
ABOUT HARRIS ASSOCIATES L.P.
Harris Associates, adviser to The Oakmark Funds, was founded in 1976 by
experienced investment professionals to provide investment advice to
wealthy individuals and institutions. Harris Associates' investing
philosophy is employed through a disciplined adherence to a value approach
and is based on three tenets: to invest in companies trading at a
significant discount to estimated intrinsic business value, with companies
that consistently grow value over time, and that have shareholder-oriented
management teams. The Oakmark Funds were introduced in August 1991 to bring
the Harris Associates' value philosophy to a direct mutual fund investment
vehicle. As of 3/31/06, Harris Associates' total assets under management
were $64.8 Billion.
The Oakmark Funds are distributed by Harris Associates Securities L.P.,
member NASD. For more information on The Oakmark Funds, including a
prospectus, which explains management fees and expenses and the special
risks of investing in the Funds, please call 1-800-OAKMARK. Please read it
carefully before investing. An investor should consider a fund's investment
objectives, risks, and charges and expenses carefully before investing.
This and other information about the funds are contained in the fund's
SOURCE Harris Associates L.P.