General American Investors Appoints Sarah M. Ward to Board of Directors

New York, NY – The Board of Directors of General American Investors Company, Inc. (NYSE: GAM), a long-standing closed-end investment firm, has announced the appointment of Sarah M. Ward to its board. Ms. Ward brings extensive expertise as a seasoned attorney and leader in the financial services sector. Spencer Davidson, the company's Chairman, expressed his enthusiasm about her addition, highlighting her previous role as a senior partner at Skadden, Arps, Slate, Meagher & Flom LLP, and her participation on multiple corporate boards. Ms. Ward retired from Skadden in December 2021 and currently serves on the boards of CI Financial, Corient, Loblolly Inc., and the Settlement Housing Fund. She is an alumnus of Princeton University and holds a Juris Doctor degree from Fordham University School of Law. Founded in 1927, General American Investors has been publicly traded since its inception and has maintained its NYSE listing since 1930. The company's primary goal is to achieve long-term capital growth by investing in high-potential companies. It manages approximately $1.5 billion in net assets, represented by 23.3 million common shares outstanding. The company's preferred stock has a t...