T. Rowe Price Group, Inc. announced that Kimberly Johnson has been named Vice President and 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. 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.

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. Effective April 29, 2022, Robert C.T. Higginbotham, the Company's Vice President and Head of Global Distribution, will cease to serve as the interim COO of the Company.