T Rowe Price (TROW) has released an update.
T. Rowe Price Group, Inc. is set for a change in leadership as non-executive Chair Mr. William J. Stromberg and board member Dr. Freeman A. Hrabowski, III, will retire after the May 7, 2024, Annual Meeting of Stockholders. Their departures are amicable, with no disagreements cited. Mr. Robert W. Sharps is slated to take over as Chair while continuing his roles as CEO and President of the company. This transition marks a significant moment for the investment management firm’s corporate governance.
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