T. Rowe Price Announces Leadership Change and New Technological Direction
T. Rowe Price, a prominent global asset management firm, has announced a significant leadership change with the departure of its Chief Operating Officer, Kimberly Johnson, set to take effect in December 2025. Johnson has been at the helm since 2022 and is credited with leading crucial transformations within the company. Her tenure has been marked by technological advancements and the modernization of the firm's data infrastructure and operational processes, all aimed at improving workflows and refining the overall client experience.
Under Johnson's leadership, T. Rowe Price has successfully harnessed technology to drive efficiency and productivity, establishing a robust foundation that integrates digital innovation into business operations. Notable advancements include the strategic development of artificial intelligence capabilities and enhanced collaboration across various business units, allowing the firm to better respond to market dynamics.
The announcement also signals the creation of a new function dedicated to Technology, Data, and Operations, which reflects T. Rowe Price's ongoing commitment to blending digital capabilities with operational expertise. This new unit will be spearheaded by Ramon Richards, who stepped in as Chief Technology Officer in 2023. His significant experience and a strong track record in executing high-impact transformation initiatives position him well to lead this new function.
Rob Sharps, the Chair and CEO of T. Rowe Price, praised Johnson for her transformative leadership, emphasizing the critical role she played in modernizing the company's operational landscape. He expressed gratitude for her contributions and wished her success in her future endeavors.
As the Head of Technology, Data, and Operations, Richards will oversee digital platforms and data strategy, ensuring that technological insights are seamlessly integrated into all business aspects. His involvement in the firm's Management Committee underscores the importance the organization places on aligning technological advancements with its broader business strategy.
Sharps further highlighted that establishing a focus solely on technology, data, and operations will enhance T. Rowe Price's capability to adapt to evolving industry trends. He lauded Richards' visionary leadership and his efforts to align the firm's technology roadmap with ongoing business strategies. This alignment is crucial for building systems, tools, and teams that will enable accelerated execution and organizational growth.
Richards remarked on the strategic evolution that this transition represents, emphasizing the goal of achieving operational excellence through technology and data-driven decision-making. He expressed enthusiasm for leading this new function and continuing the momentum built during Johnson's leadership.
T. Rowe Price is renowned in the industry for managing a staggering $1.77 trillion in client assets as of September 30, 2025, with a significant portion of this being retirement-related investments. Their commitment to investment excellence and independent research spans over 85 years, allowing them to uphold a culture of integrity that places client interests at the forefront. With Johnson’s departure and Richards’ new leadership in technology, the firm is poised to innovate and respond proactively to the changes in the investment landscape.
For more information about T. Rowe Price and its latest news, visit their newsroom at troweprice.com/newsroom.
Under Johnson's leadership, T. Rowe Price has successfully harnessed technology to drive efficiency and productivity, establishing a robust foundation that integrates digital innovation into business operations. Notable advancements include the strategic development of artificial intelligence capabilities and enhanced collaboration across various business units, allowing the firm to better respond to market dynamics.
The announcement also signals the creation of a new function dedicated to Technology, Data, and Operations, which reflects T. Rowe Price's ongoing commitment to blending digital capabilities with operational expertise. This new unit will be spearheaded by Ramon Richards, who stepped in as Chief Technology Officer in 2023. His significant experience and a strong track record in executing high-impact transformation initiatives position him well to lead this new function.
Rob Sharps, the Chair and CEO of T. Rowe Price, praised Johnson for her transformative leadership, emphasizing the critical role she played in modernizing the company's operational landscape. He expressed gratitude for her contributions and wished her success in her future endeavors.
As the Head of Technology, Data, and Operations, Richards will oversee digital platforms and data strategy, ensuring that technological insights are seamlessly integrated into all business aspects. His involvement in the firm's Management Committee underscores the importance the organization places on aligning technological advancements with its broader business strategy.
Sharps further highlighted that establishing a focus solely on technology, data, and operations will enhance T. Rowe Price's capability to adapt to evolving industry trends. He lauded Richards' visionary leadership and his efforts to align the firm's technology roadmap with ongoing business strategies. This alignment is crucial for building systems, tools, and teams that will enable accelerated execution and organizational growth.
Richards remarked on the strategic evolution that this transition represents, emphasizing the goal of achieving operational excellence through technology and data-driven decision-making. He expressed enthusiasm for leading this new function and continuing the momentum built during Johnson's leadership.
T. Rowe Price is renowned in the industry for managing a staggering $1.77 trillion in client assets as of September 30, 2025, with a significant portion of this being retirement-related investments. Their commitment to investment excellence and independent research spans over 85 years, allowing them to uphold a culture of integrity that places client interests at the forefront. With Johnson’s departure and Richards’ new leadership in technology, the firm is poised to innovate and respond proactively to the changes in the investment landscape.
For more information about T. Rowe Price and its latest news, visit their newsroom at troweprice.com/newsroom.
Topics Financial Services & Investing）
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