Please ensure Javascript is enabled for purposes of website accessibility
Bill Stromberg of T. Rowe Price, left, and Lawrence Kurzius of McCormick

New leadership from within takes over at T. Rowe, McCormick (access required)

Whether staying in-house or going outside, each succession strategy has risks

In 2015, two of Maryland’s venerable and iconic companies – the financial services firm T. Rowe Price Group and the spicemaker McCormick & Company – announced their choices for new CEOs. In both cases, the companies plucked carefully groomed senior executives from within their internal ranks. Those choices reflect the culture and the stability of the ...