T. ROWE PRICE NAMES KIMBERLY JOHNSON CHIEF OPERATING OFFICER
T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced Kimberly Johnson as the new Chief Operating Officer (COO), effective April 29, 2022.
Sentiment and the balance of points
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Rhea-AI Summary
T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced Kimberly Johnson as the new Chief Operating Officer (COO), effective April 29, 2022. Reporting to CEO Rob Sharps, Johnson will oversee various global operations including technology and client services. Previously, she was COO at Fannie Mae, managing a $1.4 billion budget and leading digital transformation initiatives. Johnson holds degrees from Princeton and Columbia, and serves on the board of Eli Lilly. T. Rowe Price, founded in 1937, manages $1.54 trillion in assets as of February 28, 2022.
Positive
- Appointment of Kimberly Johnson as COO is expected to strengthen the leadership team.
- Johnson's extensive experience at Fannie Mae includes managing a $1.4 billion budget and leading digital transformation.
- Enhancements in technology and operations are likely to support T. Rowe Price's strategic priorities.
Negative
- None.
Details
News Market Reaction – TROW
The recorded move for TROW in the trading session of this news was -4.18%.
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BALTIMORE, April 6, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), a global leader in asset management, announced today that Kimberly Johnson has been named chief operating officer (COO), effective April 29. Johnson will report to Rob Sharps, CEO and president, and will serve on the Management Committee.
As COO, Johnson will lead Global Technology, Global Investment Operations, Global Client Account Services, Enterprise Change, Real Estate & Workplace Services, Enterprise Risk, and the regional operating teams.
"Operations and technology are essential to enabling our strategic priorities," says Rob Sharps. "I am confident that with her deep experience and strategic vision, Kimberly will quickly become an integral part of our leadership team."
Johnson joins T. Rowe Price from Fannie Mae, where she served as executive vice president, chief operating officer, and a member of Fannie Mae's Management Committee. As Fannie Mae's COO, Johnson managed a team of 3,600 and a
Additional key roles Johnson held during her tenure at Fannie Mae include executive vice president and chief risk officer, senior vice president of multifamily capital markets and credit pricing, and head of multifamily trading.
Johnson holds a B.A. in economics from Princeton University and an M.B.A. from Columbia University. She serves as a board member for Eli Lilly and many nonprofits. Additionally, Johnson serves as a member of the board of trustees for Princeton University.
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), is a global investment management organization with
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SOURCE T. Rowe Price Group, Inc.
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