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University of Chicago Booth School of Business Dean to Step Down in June

Another business school will be looking for a new dean come June, according to a report yesterday in the Financial Times. University of Chicago Booth School of Business Edward Snyder will step down as dean in June 2010 after nine years in the role.

Snyder’s news comes just 10 days after Harvard Business School’s Dean Jay Light announced that he, too, will step down in June, ending a 40-year tenure on the HBS faculty. Meanwhile, officials at Northwestern’s Kellogg School of Management are conducting a search of their own to find a successor to Dean Dipak Jain, who stepped down in September. 

Chicago Booth’s Snyder will leave before the end of his second five-year term as dean, which would have finished in June 2011. “Given the strong state of our school and what we have accomplished, I believe now is the right time for the school to search for its next dean,” Snyder wrote in a letter to the Chicago Booth community. “On the personal side, I look forward to taking some time to reflect on the challenges facing management education, analyze some major public policy issues and consider my future,” he continued.

In a separate letter to the community, Chicago Booth President Robert Zimmer and Provost Thomas Rosenbaum praised Snyder’s dedication and all he has achieved over the past near decade. They credited him with helping to draw many of the world’s leading faculty to Chicago and doubling the number of endowed professorships at the school, while also maintaining the highest retention rate for senior faculty in five decades.

Also under Snyder’s leadership, student scholarship assistance has more than tripled, the dean and provost wrote. The school’s global footprint, too, has expanded to include a planned campus expansion in Singapore, a new campus in London and a key role in the University’s new Center in China. Meanwhile, at home on the Hyde Park campus, Chicago Booth moved its central operations into a dramatic new building.

Who will fill all of these open deans’ positions is sure to have the business school community buzzing, the FT noted. At HBS, which has always appointed its deans from within, the two current frontrunners are Rakesh Khurana and Nitin Nohria. The dean’s search committee at Kellogg is slated to propose candidates to the president and provost in early 2010, and interim dean, Sunil Chopra, is considered a potential frontrunner, the FT reported.

Meanwhile, Chicago Booth will establish its own dean’s search committee in the next few weeks, the president and provost wrote.

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Posted in: MBA News

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