T. Rowe Price Chairman Brian Rogers To Retire From Board In April 2019; CEO William Stromberg To Assume Chairman Role
NEWS
The Board of Directors of
In addition, the Board declared a quarterly dividend of
The Board also approved a 10 million share increase in the company's authorization to repurchase its common stock. This brings the total repurchase authorization to nearly 22.4 million shares.
The firm also announced that it will live audio webcast its 2019 Investor Day on
The presentations will feature Mr. Stromberg, as well as other members of the senior management team, providing an update on the firm's strategic initiatives and plans moving forward. The presentations will be followed by a question-and-answer session. Attendance in person at the event is by invitation only.
QUOTES
"As the chair and a long-time member of the Board, Brian has contributed greatly to our deliberations, bringing deep market and industry insights, encouraging thoughtful and collegial discussion, and fostering sound corporate governance practices. He has also been instrumental in helping the firm maintain its strong financial discipline, and in guiding the Board's commitment to diversity. As an investor, senior executive, and Board member, Brian's positive impact on
"The Board values Bill's strong and collaborative leadership and is extremely confident in the strategic vision he has set for the firm. We congratulate Bill on taking on the additional role of chairman and look forward to working with him."
ABOUT
Founded in 1937,
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SOURCE
Public Relations, Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com; Investor Relations, Teresa Whitaker, 410-345-6586, teresa_whitaker@troweprice.com