OppenheimerFunds has appointed William F. Glavin, Jr. as CEO, effective January 1. Current Chairman and CEO John V. Murphy will remain the chairman and continue to serve as president and a director/trustee of the funds until his retirement at the end of next year.

“I look forward to working with Bill over the next year to ensure a smooth transition of leadership so we can build on our 50-year history of seeking investment excellence for fund shareholders and outstanding support to financial advisors,” Murphy said. “I have known and worked with Bill Glavin for the past several years, and am confident that, under his leadership, OppenheimerFunds will extend its long track record of success and strong performance.”

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