Dodge & Cox recently named Kenneth E. Olivier its CEO, while John A. Gunn remains chairman of Dodge & Cox.
Olivier joined the firm in 1979, was elected a shareholder in 1983 and named president in 2006. He will continue to hold the title of president and will remain a member of Dodge & Cox's Investment Policy Committee (IPC).
Gunn, who has served as chairman and CEO since 2007 and formerly served as president between 1993 and 2006, will remain on the IPC, the International Investment Policy Committee (IIPC) and Global Investment Policy Committee (GIPC).
The board also announced a longer-term succession plan that will take effect on March 31, 2011: Gunn will become chairman emeritus of the firm, and Olivier will assume the role of chairman.
In addition, Dana M. Emery and Charles F. Pohl, who currently serve as executive vice president and senior vice president, respectively, will become co-presidents. Emery will remain the firm's director of fixed income, and Pohl will remain the firm's chief investment officer.