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Article: T. Rowe Price Investment Chief M. David Testa to Retire in April 2004; Veteran Value Manager Brian Rogers to add CIO Duties to Portfolio Management Responsibilities.
- Article from:
- PR Newswire
- Article date:
- December 18, 2003
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T. Rowe Price today announced that, as part of a planned succession, Vice Chairman and Chief Investment Officer M. David Testa will turn over his responsibilities as CIO to Brian C. Rogers at the end of this year and will retire from the firm and the T. Rowe Price Group Board of Directors in April 2004. Upon his retirement, Mr. Testa's management responsibility for the firm's investment divisions will transition to T. Rowe Price Chairman and President George A. Roche.
Mr. Rogers, 48, who joined the firm in 1982 and has managed the T. Rowe Price Equity Income Fund since its 1985 inception, as well as other institutional equity portfolios, will retain his portfolio ...