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VIRGINIA RETIREMENT SYSTEM BOARD APPOINTS O.K. DOZIER CHIEF INVESTMENT OFFICER

 RICHMOND, Va., Dec. 13 /PRNewswire/ -- O. Kemp Dozier, vice president and treasurer of Universal Corp. (NYSE: UVV), Richmond, has been appointed chief investment officer (CIO) of the Virginia Retirement System (VRS) effective Jan. 1, 1994, according to a VRS announcement.
 As CIO, Dozier will have primary responsibility for the oversight of the investment of the pension fund's $16 billion portfolio.
 As former vice president and treasurer of Universal Corp., Dozier had responsibility for domestic and international banking, cash management, pension fund investing, security analysis, stockholder relations and corporate capital funding. He has been with Universal since 1975.
 From 1968 to 1975, he served as vice president-corporate finance with Goldman, Sachs & Co. where he was responsible for the development and maintenance of investment banking relationships with companies located in the New York City vicinity.
 From 1958 to 1968, Dozier was a vice president of Morgan Guaranty Trust Co. of New York where he was a lending officer in the national division responsible for corporations and correspondent banks in 11 western states.
 Dozier holds a MBA from the Harvard Graduate School of Business Administration, a BS in engineering from the U.S. Military Academy at West Point and also attended Duke University.
 He was a member of VRS' Investment Authority Committee prior to his appointment as CIO. He is also adjunct professor of finance in the Graduate School of Business at Virginia Commonwealth University, a past member of the Business Advisory Council of the E. Claiborne Robins School of Business as the University of Richmond and a former director of the Virginia Council for Economic Education as well as Universal Leaf Tobacco Co., Inc.
 -0- 12/13/93
 /CONTACT: Bill Sullivan of Virginia Retirement System, 804-344-3185/
 (UVV)


CO: Virginia Retirement System; Universal Corp. ST: Virginia IN: FIN TOB SU: PER

KD-PB -- DC019 -- 3204 12/13/93 13:33 EST
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Publication:PR Newswire
Date:Dec 13, 1993
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