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April 02, 2003 at 07:00 PM
April 1, 2003 — Brian Rogers stepped down yesterday as manager of the $1.1 billion T Rowe Price Value Fund (TRVLX), which he had run since its inception in 1994. He was succeeded by John Linehan, who previously oversaw institutional accounts for the firm, Price said.
Rogers decided to gave up running the Value fund “in order to focus full-time on” managing the T Rowe Price Equity Income Fund (PRFDX) and “institutional large-cap value portfolios,” the company said in a statement.
Linehan said in the statement that he and Rogers “have very similar styles, so investors should not expect to see any noticeable changes.” Linehan, who joined Price as an analyst in 1998, has worked with Rogers in managing the institutional portfolios, a company spokesman added.
