Educational Tech Veteran Steven G. Chambers Joins Adams Funds Boards as Independent Director
Steven G. Chambers was elected an independent director of Adams Diversified Equity Fund and Adams Natural Resources Fund effective February 12, 2026. He brings over 25 years of corporate leadership in educational technology and AI, including leading Jibo, Inc.’s development of the 2017 Innovation of the Year social robot.
1. Board Appointment Details
On February 12, 2026, Steven G. Chambers was elected as an independent director of Adams Diversified Equity Fund and Adams Natural Resources Fund, adding governance expertise to two of the nation’s oldest closed-end funds.
2. Chambers’ Background and Expertise
Chambers has led educational technology and AI initiatives for over 25 years, serving as CEO of Jibo, Inc., where he developed a social robot named Time Magazine’s Innovation of the Year for 2017, and currently advises several AI and language-driven technology companies.
3. Fund Overview and Distribution Policy
Adams Funds, established in 1929, are actively managed closed-end funds that have paid dividends for more than 90 years and commit to a minimum annual distribution rate of 8% of net asset value, paid evenly each quarter.