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Thursday, January 17, 2008|
Herring Moves into the CEO Spot at American Beacon
American Beacon Advisors' president, Douglas Herring, is now also the firm's CEO. He takes the reins from William Quinn, who remains as chairman. The change marks the culmination of a succession plan put in place when Herring was appointed president in March 2006.
Company Press Release
American Beacon Advisors, Inc., announces the appointment of Douglas G. Herring as Chief Executive Officer, made as of January 1, 2008. Mr. Herring currently serves as President, and he will retain that title. Mr. Herring will succeed William F. Quinn as CEO, and Mr. Quinn will remain as Chairman.
This move is the culmination of a leadership succession plan that was put in place in March 2006, when Mr. Herring was elected President of American Beacon Advisors to eventually succeed Mr. Quinn.
About American Beacon Advisors, Inc.
Established in 1986, American Beacon Advisors, Inc. is an experienced provider of investment advisory services to institutional and retail markets. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations, and other institutional investors. American Beacon Advisors also manages the American Beacon Funds, a series of low-cost, no-load mutual funds open to institutional investors, retirement accounts such as IRAs, and individual investors. The fund family currently includes a variety of portfolios spanning longer-range investments in international and domestic equity categories as well as short-term investment options including money market funds.
You should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other information is available in each Fund's prospectus, which you may obtain at www.americanbeaconfunds.com or by calling 1-800-967-9009. Please read the prospectus carefully before investing.
The American Beacon Funds are distributed by Foreside Fund Services, LLC.
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