Kenneth E. Olivier, president of Dodge & Cox, will take on the additional title of CEO, effective March 31.
He will replace John A. Gunn, who will remain chairman, according to an announcement on the firm’s website.
The announcement also spelled out a long-term executive succession plan, with Mr. Gunn to become the firm’s chairman emeritus as of March 31, 2011, succeeded by Mr. Olivier as chairman. At that time, Dana M. Emery, the firm’s director of fixed income, and Charles F. Pohl, its chief investment officer, will become co-presidents of Dodge & Cox. Ms. Emery and Mr. Pohl will retain their current titles.
Also, Roger G. Kuo, a vice president with the firm, joined Dodge & Cox’s global investment policy committee, while Adam S. Rubinson, also a vice president, joined its fixed-income investment policy committee.