T. ROWE PRICE ANNOUNCES CHIEF OPERATING OFFICER DEPARTURE AND LAUNCH OF NEW TECHNOLOGY, DATA, AND OPERATIONS FUNCTION
T. Rowe Price (NASDAQ:TROW) announced on November 3, 2025 that Chief Operating Officer Kimberly Johnson, who served as COO since 2022, will leave the firm in December 2025.
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Rhea-AI Summary
T. Rowe Price (NASDAQ:TROW) announced on November 3, 2025 that Chief Operating Officer Kimberly Johnson, who served as COO since 2022, will leave the firm in December 2025. The firm is creating a new Technology, Data, and Operations function to integrate digital capabilities with operational execution. Ramon Richards, who became CTO in 2023, will lead the new function, join the firm's Management Committee, and report to Chair, CEO, and President Rob Sharps. The release frames the change as a strategic reorganization to scale technology, data, and operations across the business.
Positive
- New function created: Technology, Data, and Operations
- Ramon Richards to lead and join Management Committee
- Stronger alignment of technology and operations across the firm
- Clear reporting line: Richards reports to Rob Sharps
Negative
- COO Kimberly Johnson departure in December 2025 creates leadership transition
- Potential short-term disruption from executive role changes
Details
News Market Reaction – TROW
On Nov 3, the day this news came out, TROW closed 0.80% below the previous close.
Data tracked by StockTitan Argus for the Nov 3 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Building on this momentum, T. Rowe Price is also announcing the creation of a new Technology, Data, and Operations function, which reflects the firm's commitment to integrating digital capabilities with operational excellence. This function will be led by Ramon Richards, who joined the firm as chief technology officer (CTO) in 2023.
"Kimberly has been a transformative leader, driving meaningful change and strengthening the foundation of our operations for long-term success," said Rob Sharps, Chair, CEO and President of T. Rowe Price. "We are deeply grateful for her contributions and wish her the very best in her next chapter."
As Head of Technology, Data, and Operations, Richards brings deep, cross-functional expertise and a proven track record of delivering high-impact transformation projects. In this role, he will oversee enterprise operations, digital platforms, and data strategy, ensuring that technology and insights are tightly integrated into every facet of the business. Richards will join the firm's Management Committee and report to Sharps.
"By creating a function singly focused on technology, data, and operations, we are aligning our capabilities to adapt to changing industry dynamics," said Sharps. "As CTO, Ramon quickly demonstrated visionary leadership and has made significant strides in aligning the firm's technology road map with our business strategy. He is well positioned to lead this new organization and continue building the systems, tools, and teams that will enable deeper integration and accelerate execution."
"This transition marks a strategic evolution in how we organize for scale, innovation, and performance, with a strong focus on delivering operational excellence powered by technology and data-driven decision-making," said Richards. "I'm honored to step into this role and excited to continue building on the strong foundation that has been laid."
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T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing
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SOURCE T. Rowe Price Group
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