Following a fall in January that sent him to intensive care with numerous broken bones, American Century's  James E. Stowers has ceded control of the company he founded in 1958 to co-chairman Richard W. Brown.

Brown is a longtime confidant of Stowers who has also helped him run the Stowers Institute for Medical Research since 2004. The transition of power came to light through a Securities and Exchange Commission filing on Thursday that showed Stowers transferred his 25% voting share controlling block to Brown through a trust. 

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