William J. Stromberg was the Chief Executive Officer of T. Rowe Price Group from 2016 until he stepped down at the end of 2021. He started his career with the company back in 1987 and worked his way up through...

William J. Stromberg was the Chief Executive Officer of T. Rowe Price Group from 2016 until he stepped down at the end of 2021. He started his career with the company back in 1987 and worked his way up through various positions, like Head of Global Equity and Head of U.S. Equity, showcasing his deep understanding of the financial sector. Under his leadership, T. Rowe Price strengthened its position in the market, managing over $1.47 trillion in assets. His compensation package reflected this success, peaking at over $17 million in 2021 largely due to a hefty performance bonus. An interesting fact is that he has experienced significant fluctuations in personal wealth based on his insider trading, with values reaching as high as $211.34 million in mid-2021 before tapering off. After his retirement, he became the non-executive chair of the board, indicating his ongoing influence within the company. Stromberg's approach combines long-term vision with solid financial discipline, which aligns well with T. Rowe Price's investment philosophy.