T. Rowe Price Welcomes Allan Golston and Richard Verma as New Independent Directors

T. Rowe Price Welcomes New Independent Directors

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) recently announced the addition of Allan Golston and Richard Verma to its Board of Directors as independent directors. This strategic move highlights the company’s commitment to enhancing its governance with experienced professionals.

Profiles of New Directors

Allan Golston currently serves as the president of the United States Program at the Gates Foundation, focusing on vital initiatives in global health, education, and community development. With his extensive background, he has previously held notable positions including interim executive director of the Global Health Program and as chief financial and administrative officer at the foundation. His previous experience includes senior finance roles at both the Swedish Health System and the University of Colorado Hospital. Golston holds a bachelor’s degree in accounting from the University of Colorado and an MBA from Seattle University. Notably, he is also a board member of Harley-Davidson and has previously served on Stryker Corporation's board.

In parallel, Richard Verma brings a wealth of experience from the financial services sector, where he currently acts as the chief administrative officer for Mastercard Incorporated, a leading multinational financial services corporation. Verma's experience extends to previous roles such as deputy secretary of state for management and resources, where he served under the U.S. administration from 2014 to 2017, and the U.S. ambassador to India during that period. He has also held positions of significant influence at The Asia Group as vice chairman and partner. Verma’s academic credentials include a doctorate in international relations from Georgetown University and a law degree from American University.

Insights on Their Appointment

Rob Sharps, chair, CEO, and president of T. Rowe Price Group, expressed enthusiasm about the new appointments, stating, “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.” He emphasized that their insights would significantly support the company’s ongoing growth and success, promising thoughtful counsel as T. Rowe Price continues on its trajectory.

About T. Rowe Price

Founded over 85 years ago, T. Rowe Price has established itself as a leader in the asset management industry, currently managing approximately $1.77 trillion in client assets as of September 30, 2025, with a significant portion focusing on retirement. The company is known for its independent research and investment excellence, prioritizing the interests of clients worldwide. For anyone looking for credible and strategic investment solutions, T. Rowe Price offers a solid foundation built on integrity and a forward-thinking approach.

This development signals T. Rowe Price’s dedication not only to improving its internal governance but also to navigating the complexities of the modern financial landscape with knowledge-driven strategies. As they integrate the experience and professionalism of Golston and Verma, the organization anticipates bolstered performance and enhanced strategic direction in future endeavors.