James E. Stowers III, chairman of the board at American Century Investments, has stepped down from his position to “focus his full attention on new business ventures,” the company announced. Stowers has spent his entire 26-year career so far at the company that his father, James E. Stowers, Jr., founded in 1958.

“American Century and I literally grew up together,” the younger Stowers said. “When I first joined the company, we were managing only three mutual funds nad had less that $1 billion in assets. That fact that we now manage more than $100 billion is a testament to our long-held belief that success would occur as long as we focused on making investors and clients successful.

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