The Oakmark Funds Announces Election of New Member to its Board of Trustees
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 independent trustees. 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 http://www.oakmark.com . 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 Executive Program. 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 prospectus.
SOURCE Harris Associates L.P.
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