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CORRECT: T. Rowe Chairman Brian Rogers to Retire
William Stromberg will also remain president and CEO of the firm.
13 Feb 2019, 09:50 PM IST
(Bloomberg) -- (Corrects timeframe of retirements for Ted Wiese, Brian Rogers, James Kennedy)
(Bloomberg) -- (Corrects timeframe of retirements for Ted Wiese, Brian Rogers, James Kennedy)
- T. Rowe Price’s Non-executive Chairman Brian Rogers will retire from the board at the upcoming annual meeting on April 25, at which time CEO William Stromberg will become chairman of the board
- Stromberg will also remain president and CEO of the firm
- The board also declared a quarterly dividend of 76 cents per share, an 8.6% increase from its previous dividend of 70 cents per share, while increasing the share buyback authorization by 10 million shares to about 22.4 million
- NOTE: T. Rowe Price disclosed last May that Ted Wiese, the firm’s head of Fixed Income, would retire
- NOTE: Brian Rogers’ retirement as T. Rowe Price’s chief investment officer was announced in November 2016, after almost 35 years with the firm
- NOTE: William Stromberg was named chief executive officer in May 2015, to replace the retiring James Kennedy
To contact the reporter on this story: Nick Lichtenberg in New York at nlichtenberg@bloomberg.net
To contact the editor responsible for this story: Chakradhar Adusumilli at cadusumilli@bloomberg.net
©2019 Bloomberg L.P.
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