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T. Rowe Price Group chairman and CIO Brian Rogers to retire

Brian C. RogersT. Rowe Price Group announced that Brian C. Rogers, chairman and chief investment officer, will retire on March 31, 2017, after nearly 35 years at the firm.

At that time, Mr. Rogers will step down from his role as CIO, which he has held since 2004. After his retirement he will continue on the Board of Directors and serve as non-executive chair.

READ MORE T. Rowe Price Group adds Mary K. Bush as independent director

Brian C. Rogers joined T. Rowe Price as a portfolio manager in 1982 and is currently chairman of the Board and chief investment officer.

Previously, he served as portfolio manager of the U.S. Large-Cap Equity Income Strategy and the Equity Income Fund for 30 years, beginning with their inception in 1985.

From 1994 to 2003 he was the first manager of the U.S. Value Equity Strategy and the Value Fund, and he was a founding member of the team managing the U.S. Large-Cap Value Equity Strategy from 2000 to 2015.

He was elected to the firm's Board of Directors in 1997, joined the Management Committee in 2003, and was named Board chair in 2007.

Mr. Rogers earned an M.B.A. from Harvard Business School and an A.B. from Harvard College.

In connection with Mr. Rogers' retirement, the firm has appointed the following six senior investment leaders as CIOs, to be effective at that time:

Rob Sharps will be Group CIO, with responsibility for coordinating the activities of the team; Henry Ellenbogen will be CIO, U.S. Equity Growth; David Giroux will be CIO, U.S. Equity Multi-Discipline; John Linehan will be CIO, U.S. Equity Value; Justin Thomson will be CIO, International Equity; and Mark Vaselkiv will be CIO, Fixed Income.

Rob Sharps joined T. Rowe Price in 1997 and is currently lead portfolio manager for the firm's U.S. Large-Cap Growth Equity Strategy. He is a member of the U.S. Equity Steering Committee and the Asset Allocation Committee and will join the International Equity Steering Committee on January 1, 2017.

Mr. Sharps has managed institutional portfolios and other accounts since joining the portfolio management team in 2000. He started at T. Rowe Price as an analyst specializing in financial services stocks, including banks, asset managers, and securities brokers.

Mr. Sharps earned a B.S., summa cum laude, in accounting from Towson University and an M.B.A. in finance from The Wharton School, University of Pennsylvania. He also has earned the Chartered Financial Analyst designation.

Henry Ellenbogen joined T. Rowe Price in 2001 and since 2010 has been the lead portfolio manager of the U.S. Small-Cap Growth Equity Strategy and the New Horizons Fund. He is also a member of the U.S. Equity Steering Committee.

From 2001 to 2009, he was an equity investment analyst covering media and telecommunication companies, and from 2005 to 2009, he was a portfolio manager of the Media & Telecommunications Fund.

Mr. Ellenbogen graduated magna cum laude with an A.B. in history and science from Harvard College. He holds a J.D. from Harvard Law School and an M.B.A. from Harvard Business School.

David Giroux joined T. Rowe Price in 1998 and since 2006 has been portfolio manager of the U.S. Capital Appreciation Strategy and the Capital Appreciation Fund. He is also co-chair of the Asset Allocation Committee.

Until 2006, Mr. Giroux had analytical responsibility for the firm's investments in the industrials and automotive sectors.

He earned a B.A., magna cum laude, in finance and political economy from Hillsdale College. He also has earned the Chartered Financial Analyst designation.

John Linehan joined T. Rowe Price in 1998 and since 2015 has been portfolio manager for the U.S. Large-Cap Equity Income Strategy and the Equity Income Fund.

He has also served as co-portfolio manager of the U.S. Large-Cap Value Equity Strategy since its inception in 2000 and is a member of the U.S. Equity Steering Committee.

From 2009 to 2014 he was head of U.S. Equity, and from 2003 to 2009 he was portfolio manager of the U.S. Value Equity Strategy and the Value Fund.

Mr. Linehan earned a B.A. from Amherst College and an M.B.A. from Stanford University. He also has earned the Chartered Financial Analyst designation.

Justin Thomson joined T. Rowe Price in 1998 and since then has been the lead portfolio manager of the International Small-Cap Equity Strategy and the International Discovery Fund.

He is a member of the International Equity Steering Committee and the Asset Allocation Committee.

Mr. Thomson earned an M.A., with honors, in economics from Cambridge University.

Mark Vaselkiv joined T. Rowe Price in 1988 and is currently head of the Global High Yield team. Since 1996 he has been lead portfolio manager of the Global High Yield Strategy and the High Yield Fund.

He has also been co-portfolio manager of the Global High Income Strategy and the Global High Income Bond Fund since their inception in 2015.

He is a member of the Fixed Income Steering Committee and the Asset Allocation Committee. Mark started at the firm as a high yield corporate credit analyst with a special focus on forest products and gaming.

He earned a B.A. in political science from Wheaton College and an M.B.A. in finance from New York University, Leonard N. Stern School of Business.


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