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July 2021

T. Rowe Price Group, Inc. Announces Executive Changes

T. Rowe Price Group, Inc., announced the appointment of Rob Sharps, current president, head of Investments, group chief investment officer (CIO), and a member of the firm’s Management Committee, as the new president and CEO of the firm, effective January 1, 2022. He will succeed Bill Strombergand, current CEO, and will take over as chair of the Management Committee. He will also join the Board of Directors at that time. Rob is a 24-year veteran of the firm and an astute investor whose role and influence have broadened significantly in recent years as he has taken a more active role in corporate strategy, product development, key client relationships, and other enterprise initiatives.

T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, advisory services, account management, and retirement plans and services for individuals, institutions, and financial intermediaries.