T. ROWE PRICE GROUP, INC., ADDS ALLAN GOLSTON AND RICHARD VERMA AS INDEPENDENT DIRECTORS
T. Rowe Price Group (NASDAQ: TROW) announced on October 16, 2025 that its Board elected Allan Golston and Richard Verma as independent directors.
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Rhea-AI Summary
T. Rowe Price Group (NASDAQ: TROW) announced on October 16, 2025 that its Board elected Allan Golston and Richard Verma as independent directors.
Golston is president of the United States Program at the Gates Foundation and has prior senior finance roles at Swedish Health System and University of Colorado Hospital; he holds a BS in accounting and an MBA. Verma is chief administrative officer at Mastercard, a former deputy secretary of state for management and resources, and served as U.S. ambassador to India (2014–2017); his education includes a doctorate in international relations and multiple law degrees. Verma previously served on T. Rowe Price's board from 2018 until 2023.
Positive
- Board expanded with two independent directors on Oct 16, 2025
- Allan Golston: senior finance and nonprofit leadership background
- Richard Verma: returns with global public policy and government experience
Negative
- No financial guidance or direct shareholder impact disclosed
Details
News Market Reaction – TROW
On Oct 16, the day this news came out, TROW closed 2.42% below the previous close.
Data tracked by StockTitan Argus for the Oct 16 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Golston is the president of the United States Program at the Gates Foundation, a private organization dedicated to advancing initiatives in education, global health, and community development. Prior to this role, he served as interim executive director of the Global Health Program and as chief financial and administrative officer at the Foundation. He also held senior finance positions at Swedish Health System and the University of Colorado Hospital.
He earned a bachelor of science in accounting from the University of
Golston is a member of the Board of Directors of Harley-Davidson and served on the Board of Directors of Stryker Corporation.
Verma is the chief administrative officer for Mastercard Incorporated, an American multinational financial services corporation. Previously, he served as the deputy secretary of state for management and resources, the general counsel and head of global public policy at Mastercard, the vice chairman and a partner at The Asia Group, and as
He holds a doctorate in international relations from
Verma previously served on the company's Board of Directors from 2018 until 2023, when he was appointed deputy secretary of state for management and resources.
QUOTE
Rob Sharps, chair, chief executive officer and president of T. Rowe Price Group, Inc.
"We are pleased to welcome Allan and Rich as independent directors. Allan brings a distinguished track record of leadership and expertise spanning the global health, education, and financial sectors. Rich is returning to our Board after time in government and adds valuable global perspectives drawn from his broad experience in public policy, business, and international affairs. Their knowledge and insights will be instrumental in supporting our ongoing growth and success, and we look forward to their thoughtful counsel and contributions."
ABOUT T. ROWE PRICE
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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