T. Rowe Price Group Adds Eileen Rominger As Independent Director
T. Rowe Price Group (NASDAQ: TROW) announced the election of Eileen Rominger as an independent director on November 3, 2021.
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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.
Negative
- None.
Details
News Market Reaction – TROW
The recorded move for TROW in the trading session of this news was +1.22%.
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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
View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-adds-eileen-rominger-as-independent-director-301415259.html
SOURCE T. Rowe Price Group, Inc.
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