T. Rowe Price COO Departs as Firm Launches Tech Function

T. Rowe Price this week announced that Kimberly Johnson, who has served as chief operating officer since 2022, will leave the firm in December.

T. Rowe Price credits Johnson for spearheading the modernization of the firm’s technology and data infrastructure, as well as its operational processes to optimize workflow and automation for client experience.

“Kimberly has been a transformative leader, driving meaningful change and strengthening the foundation of our operations for long-term success,” said Rob Sharps, chair, CEO and president of T. Rowe Price. “We are deeply grateful for her contributions and wish her the very best in her next chapter.

The firm also unveiled the creation of a new Technology, Data, and Operations function, to be led by Ramon Richards, who joined the firm as chief technology officer (CTO) in 2023. As head of Technology, Data, and Operations, he will oversee enterprise operations, digital platforms, and data strategy. Richards will join the firm’s Management Committee and report to Sharps.

“By creating a function singly focused on technology, data, and operations, we are aligning our capabilities to adapt to changing industry dynamics,” said Sharps. “As CTO, Ramon quickly demonstrated visionary leadership and has made significant strides in aligning the firm’s technology road map with our business strategy. He is well positioned to lead this new organization and continue building the systems, tools, and teams that will enable deeper integration and accelerate execution.”

“This transition marks a strategic evolution in how we organize for scale, innovation, and performance, with a strong focus on delivering operational excellence powered by technology and data-driven decision-making,” said Richards. “I’m honored to step into this role and excited to continue building on the strong foundation that has been laid.”

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