STEPH JACKSON TO RETIRE FROM T. ROWE PRICE INVESTMENT MANAGEMENT

Leadership Transition - T. Rowe Price announced a leadership transition within its T. Rowe Price Investment Management division (TRPIM), with Steph Jackson retiring at the end of 2026 after impactful leadership [1][3] - Steven Krichbaum will assume the role of associate head of TRPIM effective January 22, 2026, and will succeed Jackson as head of TRPIM on January 1, 2027 [4][5] Background of Steph Jackson - Jackson has been with T. Rowe Price since 2007, holding various influential roles, including portfolio specialist and director of research for the Equity Associate Analyst Program [2] - He played a pivotal role in establishing TRPIM in 2022, enhancing the firm's ability to serve clients [2] Contributions and Legacy - Jackson has championed multiple business resource groups and promoted inclusivity within the firm [3] - He has deepened community ties in Baltimore through initiatives like the T. Rowe Price Foundation's Moonshot initiative [3] Background of Steven Krichbaum - Krichbaum joined T. Rowe Price in 2006 and has nearly two decades of investment and leadership experience, including roles as analyst and head of strategic initiatives [5] - He has served as TRPIM director of equity and fixed income research prior to his new role [5] Company Overview - T. Rowe Price Investment Management (TRPIM) was established in 2022 to enhance the firm's ability to deliver specialized investment solutions globally [6] - As of December 31, 2025, T. Rowe Price manages $1.78 trillion in client assets, with about two-thirds being retirement-related [7]