Leadership Transition at T. Rowe Price: Steph Jackson to Retire, Steven Krichbaum Succeeds

Leadership Transition at T. Rowe Price: A New Chapter for Investment Management

T. Rowe Price Group announces a significant leadership transition within its Investment Management division, with Steph Jackson planning to retire at the end of 2026. Jackson has been a key figure at T. Rowe Price since joining in 2007, playing a crucial role in the establishment of T. Rowe Price Investment Management (TRPIM) in 2022. His extensive experience encompasses various leadership roles, including director of research for the Equity Associate Analyst Program and associate head of U.S. Equity. Jackson's tenure is marked by his unwavering commitment to client service, inclusivity, and community engagement, particularly through initiatives like the T. Rowe Price Foundation's Moonshot initiative, which aims to drive impactful change in the communities they serve.

Effective January 22, 2026, Steven Krichbaum will step into the role of associate head of TRPIM, preparing to succeed Jackson on January 1, 2027. Krichbaum, who has been with T. Rowe Price since 2006, brings nearly two decades of investment and leadership experience to the role. His career at the firm includes various positions, such as analyst, associate portfolio manager, and director of equity and fixed income research. His contributions have been instrumental in the successful launch and growth of TRPIM. Throughout 2026, Jackson and Krichbaum will work closely together to facilitate a seamless transition, ensuring that TRPIM continues to thrive under new leadership.

Eric Veiel, head of Global Investments and chief investment officer at T. Rowe Price, commends Jackson's leadership and contributions to the firm, acknowledging the solid foundation he has built for the next generation of leaders. As T. Rowe Price Investment Management continues to focus on providing tailored investment solutions globally, the leadership transition signals a commitment to maintaining its client-focused culture while adapting to the evolving landscape of investment management.

In addition to the leadership changes, T. Rowe Price remains dedicated to leveraging over 85 years of expertise in delivering equity, fixed income, and multi-asset strategies to institutional clients. The firm’s emphasis on client service and innovative investment strategies positions it well to navigate future challenges and opportunities within the investment management industry. This transition marks not only a pivotal moment for Jackson and Krichbaum but also for the future trajectory of T. Rowe Price as it aims to uphold its reputation as a trusted partner in investment management.