T. Rowe Price Appoints Eric L. Veiel as President, Co-Head Global Investments

What Happened
T. Rowe Price Group, Inc. filed an 8-K reporting that on May 15, 2026 its Board approved the appointment of Eric L. Veiel as President, Co‑Head of Global Investments and Chief Investment Officer, effective immediately. The filing notes that Mr. Sharps will remain Chief Executive Officer. A press release announcing the appointment was issued May 18, 2026 and is attached as an exhibit.

Key Details

• Appointment approved by the Board of Directors on May 15, 2026; effective immediately.
• New roles for Eric L. Veiel: President, Co‑Head of Global Investments, and Chief Investment Officer.
• CEO status unchanged: Mr. Sharps will continue as Chief Executive Officer.
• Company attached a press release dated May 18, 2026 as Exhibit 99.1 to the 8-K.

Why It Matters
This is a material executive leadership change affecting the company’s investment management leadership. Investors should note the official change in titles and responsibilities, and that the company publicly disclosed the appointment via an 8-K and press release. The filing does not include compensation details or other terms of the appointment; any additional impacts on strategy, performance, or costs would require further company disclosure.