T. Rowe Price Group Adds Eileen Rominger As Independent Director

Rhea-AI Summary

T. Rowe Price Group (NASDAQ: TROW) announced the election of Eileen Rominger as an independent director on November 3, 2021. Rominger's extensive background includes roles as a senior advisor at CamberView Partners and director at the SEC's Division of Investment Management. She has held significant positions at Goldman Sachs Asset Management and Oppenheimer Capital. CEO Bill Stromberg emphasized that her public policy, regulatory, and investment management expertise will benefit the company and its shareholders. As of September 30, 2021, T. Rowe Price manages $1.61 trillion in assets.

Positive

• Appointment of Eileen Rominger as independent director, expected to enhance governance and strategic insights.
• Rominger's extensive experience in investment management and corporate governance may positively impact decision-making.

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• None.

BALTIMORE, Nov. 3, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has elected Eileen Rominger as an independent director of the company.

Rominger was most recently a senior advisor at CamberView Partners, a provider of advice to public companies on shareholder engagement and corporate governance, from 2013 to 2018. She previously served from 2011 to 2012 as the director of the Division of Investment Management at the U.S. Securities and Exchange Commission. From 1999 to 2011, Rominger held several positions at Goldman Sachs Asset Management, including global chief investment officer. Prior to that, she worked for 18 years at Oppenheimer Capital, serving as a securities analyst and then as an equity portfolio manager and member of the Executive Committee.

Rominger is a former member of the Board of Directors of Swiss Re and remains on the Board of several of its U.S. subsidiaries. She also currently serves on the Boards of Trustees of Jacob's Pillow and the MASS MoCA Foundation.

QUOTE

Bill Stromberg, chairman and chief executive officer of T. Rowe Price Group
"Eileen brings substantial public policy, regulatory, corporate governance, leadership, and investment management experience that, along with her global perspective, will serve our firm and our stockholders well. We are excited to have her on board and look forward to benefiting from her strategic insights and counsel."

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization with $1.61 trillion in assets under management as of September 30, 2021. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

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SOURCE T. Rowe Price Group, Inc.

FAQ

Who is the new independent director at T. Rowe Price?

Eileen Rominger has been elected as the new independent director at T. Rowe Price Group.

What experience does Eileen Rominger bring to T. Rowe Price?

Eileen Rominger has extensive experience in public policy, regulatory affairs, and investment management, having previously worked at the SEC and Goldman Sachs.

What is T. Rowe Price's total assets under management as of September 2021?

As of September 30, 2021, T. Rowe Price manages $1.61 trillion in assets.

When was Eileen Rominger appointed to T. Rowe Price's Board of Directors?

Eileen Rominger was appointed as an independent director on November 3, 2021.

What did T. Rowe Price's CEO say about Eileen Rominger's appointment?

CEO Bill Stromberg stated that Rominger's experience will serve the firm and its stockholders well, benefiting from her strategic insights.