Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 2, 2021, the Board of Directors (the "Board") of T. Rowe Price
Group, Inc. (the "Company") increased the number of directors from 11 to 12, and
elected Ms. Eileen Rominger as a director of the Company. Ms. Rominger was
appointed to the Audit Committee and to the Executive Compensation and
Management Development Committee.
The Board determined that Ms. Rominger is an "independent director" in
accordance with the NASDAQ Listed Company Rules, the rules and regulations of
the Securities and Exchange Commission and the Company's Corporate Governance
Guidelines.
Ms. Rominger was a senior advisor to CamberView Partners, LLC, a provider of
investor-led advice for management and boards of public companies on shareholder
engagement and corporate governance, from 2013 to 2018. Ms. Rominger also was
the director of the Division of Investment Management at the U.S. Securities and
Exchange Commission from 2011 to 2012. She joined Goldman Sachs Asset Management
in 1999, became a partner from 2004 to 2011, and the global chief investment
officer from 2008 to 2011. She began her investment management career in 1981 at
Oppenheimer Capital, where she worked for 18 years as a securities analyst and
then as an equity portfolio manager, serving as a managing director and a member
of the executive committee.
Ms. Rominger served as a member of the board of directors of Swiss Reinsurance
Company Ltd. from 2018 to 2020. Ms. Rominger is also a member of the board of
trustees, vice chair, and chair and member of the HR executive committees,
respectively, of Massachusetts Museum of Contemporary Art and a member of the
board of trustees and chair of the finance committee of Jacob's Pillow Dance
Foundation.
Ms. Rominger earned a B.A. in English from Fairfield University and an M.B.A. in
finance from University of Pennsylvania, The Wharton School.
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