Ever wanted to go back to college for the day? Don’t miss: 3 top lecturers in Baltimore

General Electric

New CEO of General Electric resigns from board of T. Rowe Price

New CEO of General Electric resigns from board of T. Rowe Price

H. Lawrence “Larry” Culp Jr. resigned from T. Rowe Price Group’s board of directors, less than a week after he was named chairman and CEO of General Electric Co.

Boston-based GE tapped Culp, credited with turning around Danaher, a Washington-based manufacturer, to right the troubled conglomerate.

Culp has been on the board of T. Rowe Price, a Baltimore-based money management firm since 2015, a year after he stepped down from Danaher.

T. Rowe announced Culp’s resignation in a filing with the U.S. Securities and Exchange Commission. It said the “resignation is the result of his appointment as Chairman and Chief Executive Officer of General Electric Company and is not a...

37°