, vice chairman of T. Rowe Price
and a 24-year veteran of the firm, plans to retire at the end of 2005.
Riepe will be succeeded by Edward C. Bernard
, 49. Bernard currently has responsibility for T. Rowe Price's distribution for retail and intermediaries, corporate marketing and all communications. According to a T. Rowe Price release, Bernard has worked directly with Riepe since 1988.
Bernard has also been a director since 1999 and a member of the management committee since 2000.
Bernard will also stand in Riepe's place as a fund board director, when Riepe's term expires in April.
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