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T. ROWE PRICE GROUP, INC., ADDS ALLAN GOLSTON AND RICHARD VERMA AS INDEPENDENT DIRECTORS

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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.

T. Rowe Price Group (NASDAQ: TROW) ha annunciato il 16 ottobre 2025 che il suo Consiglio ha eletto Allan Golston e Richard Verma come direttori indipendenti.

Golston è il presidente del United States Program presso la Gates Foundation e ha ricoperto in passato ruoli dirigenziali nel settore finanziario al Swedish Health System e al University of Colorado Hospital; possiede una laurea in contabilità e un MBA. Verma è chief administrative officer presso Mastercard, ex deputy secretary of state for management and resources, e ha servito come ambasciatore degli Stati Uniti in India (2014–2017); la sua formazione comprende un dottorato in relazioni internazionali e molte lauree in legge. Verma ha già servito nel consiglio di T. Rowe Price dal 2018 al 2023.

T. Rowe Price Group (NASDAQ: TROW) anunció el 16 de octubre de 2025 que su Junta directiva eligió a Allan Golston y a Richard Verma como directores independientes.

Golston es presidente del United States Program en la Gates Foundation y ha ocupado cargos financieros superiores en el Swedish Health System y en el University of Colorado Hospital; posee una licenciatura en contabilidad y un MBA. Verma es chief administrative officer en Mastercard, ex deputy secretary of state for management and resources, y se desempeñó como embajador de EE. UU. en India (2014–2017); su educación incluye un doctorado en relaciones internacionales y múltiples títulos en derecho. Verma ya formó parte de la junta de T. Rowe Price desde 2018 hasta 2023.

티 로우 프라이스 그룹(NASDAQ: TROW)2025년 10월 16일 이사회가 독립 이사로 Allan GolstonRichard Verma를 선출했다고 발표했다.

골스ตัน은 Gates Foundation의 미국 프로그램 책임자로 Swedish Health System과 University of Colorado Hospital에서 재무 부문 고위직을 역임했으며, 회계학 학사와 MBA를 보유하고 있다. 버마는 Mastercard의 chief administrative officer로 관리 및 자원 국무장관 보좌관을 지냈고, 2014–2017년 미국 인도 대사를 역임했으며 국제 관계 박사와 다수의 법학 학위를 소지하고 있다. 버마는 2018년부터 2023년까지 다시 T. Rowe Price 이사회에서 근무한 바 있다.

T. Rowe Price Group (NASDAQ: TROW) a annoncé le 16 octobre 2025 que son Conseil d'administration avait élu Allan Golston et Richard Verma comme administrateurs indépendants.

Golston est président du United States Program à la Gates Foundation et a occupé par le passé des postes financiers supérieurs au sein de Swedish Health System et de l’University of Colorado Hospital ; il détient une licence en comptabilité et un MBA. Verma est chief administrative officer chez Mastercard, ancien deputy secretary of state for management and resources, et a servi comme ambassadeur des États-Unis en Inde (2014–2017) ; son parcours inclut un doctorat en relations internationales et plusieurs diplômes en droit. Verma a déjà siégé au conseil de T. Rowe Price de 2018 à 2023.

T. Rowe Price Group (NASDAQ: TROW) gab am 16. Oktober 2025 bekannt, dass der Vorstand Allan Golston und Richard Verma zu unabhängigen Direktoren gewählt hat.

Golston ist Präsident des United States Program bei der Gates Foundation und hatte zuvor leitende Finanzpositionen bei Swedish Health System und University of Colorado Hospital inne; er besitzt einen BS in Rechnungswesen und einen MBA. Verma ist Chief Administrative Officer bei Mastercard, ehemaliger Deputy Secretary of State for Management and Resources, und diente als US-Botschafter in Indien (2014–2017); seine Ausbildung umfasst einen Doktor in Internationale Beziehungen und mehrere juristische Abschlüsse. Verma war bereits von 2018 bis 2023 Teil des Vorstands von T. Rowe Price.

مجموعة T. Rowe Price (ناسداك: TROW) أعلنت في 16 أكتوبر 2025 أن مجلس الإدارة اختار ألان جولستون و ريتشارد فيرما كأعضاء مستقلين.

جولستون هو رئيس برنامج الولايات المتحدة في مؤسسة Gates Foundation وكان يشغل مناصب مالية عليا في Swedish Health System وUniversity of Colorado Hospital؛ وهو حاصل على بكالوريوس في المحاسبة ودرجة MBA. فيرما هو chief administrative officer في Mastercard، ونائب وزير الخارجية للشؤون الإدارية والموارد سابقاً، وخدم كسفير الولايات المتحدة في الهند (2014–2017); يشمل تعليمه دكتوراه في العلاقات الدولية وعدة درجات قانون. كان فيرما قد عمل سابقاً في مجلس إدارة T. Rowe Price من 2018 حتى 2023.

T. Rowe Price Group(纳斯达克股票代码:TROW)2025年10月16日 宣布其董事会已将 Allan Golston 和 Richard Verma 选为独立董事。

Golston 是 Gates Foundation 的美国项目总裁,曾在 Swedish Health System 和科罗拉多大学医院担任高级财务职位;他拥有会计学学士学位和 MBA。Verma 是 Mastercard 的首席行政官,曾任管理与资源事务副国务卿,并在 2014–2017 年担任美国驻印度大使;他的教育背景包括国际关系博士以及多项法学学位。Verma 曾在 2018 年至 2023 年再次担任 T. Rowe Price 的董事会成员。

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

BALTIMORE, Oct. 16, 2025 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has elected Allan Golston and Richard Verma as independent directors of the company.

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 Colorado and an M.B.A. from Seattle University.  

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 United States ambassador to India from 2014 to 2017. Verma is also a veteran of the U.S. Air Force, where he served on active duty as a judge advocate.

He holds a doctorate in international relations from Georgetown University; a law degree from American University; a master of law, with distinction in international law, from Georgetown University Law Center; and a bachelor of science from Lehigh University.  

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 $1.77 trillion in client assets as of September 30, 2025, about two-thirds of which are retirement-related. Renowned for over 85 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its longstanding expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amidst evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.

 

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SOURCE T. Rowe Price Group

FAQ

Who were appointed to the TROW board on October 16, 2025?

Allan Golston and Richard Verma were elected as independent directors.

What is Allan Golston's background relevant to TROW (TROW)?

Golston is president of the United States Program at the Gates Foundation with prior senior finance roles and holds a BS in accounting and an MBA.

What experience does Richard Verma bring to T. Rowe Price (TROW)?

Verma is chief administrative officer at Mastercard, a former deputy secretary of state, and served as U.S. ambassador to India from 2014 to 2017.

When did Richard Verma previously serve on the T. Rowe Price board (TROW)?

He previously served on the company's board from 2018 until 2023.

Will the new director appointments change T. Rowe Price's financial guidance for 2025 (TROW)?

No financial guidance or quantified impact was disclosed with the director appointments.

Where can investors find more details about TROW board changes and governance?

Investors can review the company’s investor relations announcements and board governance documents for full details.
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