Kristi Rowsell was named president and trustee of Oakmark Funds, according to a news release from parent Harris Associates.
She succeeds John Raitt, who will now serve as senior U.S. investment analyst at Harris.
Ms. Rowsell was president and CFO at Harris Associates and CFO at Oakmark Funds. Harris spokesman Mike Neary said in a telephone interview that the firm plans to find new employees for both CFO positions.
“She will serve our shareholders well,” Mr. Raitt said in the news release. “This change also allows me to shift my focus and devote 100% of my energies to what I enjoy most — generating investment ideas for our clients.”