Attached files
file | filename |
---|---|
8-K - ELECTION OF NEW DIRECTOR - PRICE T ROWE GROUP INC | newdirector1.htm |
NEWS RELEASE
T. ROWE PRICE ADDS SANDRA WIJNBERG AS INDEPENDENT DIRECTOR
Board Declares Quarterly Dividend
Baltimore: October 26, 2016
NEWS
T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its board of directors has elected
Sandra S. Wijnberg to be an independent director of the company. The Board also declared a quarterly dividend
of $0.54 per share payable December 29, 2016, to stockholders of record as of the close of business on
December 15, 2016.
Ms. Wijnberg is an executive advisor of Aquiline Capital Partners LLC, a private equity
investment firm specializing in the financial services sector. From 2007 to 2014 she was a partner
and chief administrative officer for the firm. Previously Ms. Wijnberg served as the chief financial
officer of Marsh & McLennan Companies and was treasurer and interim chief financial officer of
YUM! Brands. Prior to that she held financial positions with PepsiCo, Inc. and worked in
investment banking at Morgan Stanley. In addition, from 2014 to 2015, Ms. Wijnberg was deputy
head of mission for the Office of the Quartet.
Ms. Wijnberg currently serves on the Board of Directors of Automatic Data Processing, Inc. and
from 2003 to 2016 served on the Board of Directors of Tyco International PLC. She is also a director of Seeds of
Peace, the Alliance for Young Artists & Writers, Spark MicroGrants, and the John Simon Guggenheim Memorial
Foundation.
Ms. Wijnberg holds a Bachelor of Arts degree in English Literature from the University of California, Los Angeles
and an M.B.A. from University of Southern California’s Marshall School of Business, for which she is a member of
the Board of Leaders.
QUOTE
Brian C. Rogers, chairman of T. Rowe Price Group
“Sandra brings substantial financial sector, corporate finance, and management experience that, along with her
global perspective, will serve our firm and our stockholders well. We are excited to have her on board and look
forward to benefiting from her strategic insights and counsel.”
ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management
organization with $776.6 billion in assets under management as of June 30, 2016. The organization provides a
broad array of mutual funds, subadvisory services, and separate account management for individual and
institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of
sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment
approach focuses on diversification, style consistency, and fundamental research.
CONTACT US
Brian Lewbart
T. Rowe Price
410-345-2242
brian_lewbart@troweprice.com
Briana Wessell
T. Rowe Price
410-577-8025
briana_wessell@troweprice.com