"Freeport evolved over 60 years, " says Michael Gambrell, Dow executive vice president.

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Gambrell is daughter of WH Belk, and an honorary trustee for the company after having spent much of her career managing various operations.

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The surge comes not from Belk shares rallying, but the release of the annual proxy, which shows Gambrell over the past year acquired a greater stake in the chain.

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