Mindy M. Posoff Takes Charge as Chairperson of Oakmark Funds Board

Mindy Posoff Elected Chairperson of the Oakmark Funds

On January 7, 2025, the Oakmark Funds announced the election of Mindy M. Posoff as the new chairperson of their Board of Trustees, which governs the Harris Associates Investment Trust and the Harris Oakmark ETF Trust. This significant appointment highlights a pivotal change in leadership as Posoff takes over from Thomas Hayden, who has served as chair since 2021 and will continue as an independent trustee.

Mindy M. Posoff has been part of the Oakmark Funds as an independent trustee since 2016, bringing extensive expertise and experience to her new role. In a statement regarding Posoff's election, Mr. Hayden expressed confidence in her capabilities, stating, "We are pleased to elect Mindy as chair of the Oakmark Funds Board, and we look forward to benefitting from her deep experience and leadership on behalf of the Funds and their shareholders."

Posoff's leadership is expected to enhance the organization's mission. Rana Wright, President of the Oakmark Funds, remarked on Posoff’s appointment, saying, "Mindy brings deep industry expertise, steady leadership, and an unrelenting commitment to ensuring actions are taken in the best interests of our Oakmark Fund shareholders. Operating from a thoughtful transition plan put in place by a highly cohesive group of trustees, Mindy exemplifies the integrity and advocacy that are hallmarks of prior Oakmark Funds board chairs."

The election of Posoff as chair coincides with a period of development for the Oakmark Funds. With her experience in leading and overseeing investment strategies in collaboration with fellow trustees, she is in a pivotal position to champion the interests of the Fund and its shareholders. She will undertake the vital responsibility of managing the oversight of the Oakmark Funds to ensure they operate with the utmost regard for shareholder interests.

Mindy Posoff’s qualifications are both impressive and extensive. Currently, she serves as a managing director of Golden Seeds and is a founding partner and president of Traversent Capital Partners. Her influence extends beyond investment funds; she also holds the position of trustee and vice chair of the Community College of Philadelphia, is a member of the Board of Directors of the Mutual Fund Directors Forum, and serves on the Board of Directors of Ben Franklin Technology Partners of Southeastern Pennsylvania.

Additionally, Posoff has a rich history of service, having previously been a trustee on the HighMark Mutual Funds Board and participating in the Impact Advisory Committee of Apollo Global Management. Her educational background includes a Bachelor of Arts in philosophy and Greek civilization from Beloit College, as well as an MBA in finance from the Wharton School of the University of Pennsylvania, underlining her solid foundation in both liberal arts and business.

The Oakmark Funds is a renowned family of funds that adopts a long-term value investment approach, focusing on investing in companies that are undervalued relative to their intrinsic value, while highlighting strong growth prospects and management teams oriented towards shareholders. More information about the Oakmark Funds and their investment philosophy can be found at oakmark.com.

As Mindy M. Posoff steps into this new role, her predecessors, fellow trustees, and the Oakmark Funds community anticipate innovative strategies and continued growth under her guidance, ensuring that shareholder interests remain at the forefront of the organization’s mission.