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Chicago Booth Dean Snyder to Assume Deanship of Yale SOM in July 2011

Yale School of Management (SOM) President Richard Levin announced last night that Edward Snyder, former dean of the University of Chicago Booth School of Business, has been appointed as Yale SOM’s new dean, effective July 1, 2011.

Snyder, who is currently dean and George Shultz Professor of Economics at Chicago Booth, last month announced his decision to step down as dean there effective June 30, 2010. Snyder will take a year’s leave before assuming the deanship at Yale, during which time Sharon Oster will continue as SOM interim dean. 

“Ted Snyder is widely regarded as the most successful business school dean in the nation,” Levin said in a statement announcing the appointment. “He brings experience, enthusiasm, and vision to the Yale School of Management, and he looks forward to maintaining the school’s tradition of preparing students for leadership in business and society by raising their awareness of the context in which business operates,” he continued.

Levin added that Snyder was especially drawn to SOM because of its openness to collaborate across schools and its focus on global experiences and awareness and that he is committed to pushing forward curricular changes begun by the SOM faculty three years ago.

Yale SOM seems happy indeed to have snagged Snyder. The release announcing his appointment ticked off the list of achievements Chicago Booth had under his leadership. Indeed, since Snyder became dean in 2001, Chicago Booth has almost doubled its number of endowed professorships, more than tripled its scholarship assistance to students, moved to a new Hyde Park campus, expanded its presence in Singapore, established a new campus in London, successfully completed a capital campaign and more than doubled its endowment. And in 2008, Snyder announced the unprecedented $300 million gift to the school from alumnus David Booth, for which the school was renamed.

At the time of his announcement that he would step down as Chicago Booth dean, Snyder intimated that he would be open to being dean of another school. “My guess is, I’ve got one more big leadership job,” he told the Financial Times on December 10th. 

In his next role, Snyder will have a new set of efforts to lead. In addition to the curricular changes begun three years ago, Yale SOM is planning the construction of a new campus of its own. In his announcement yesterday, President Levin noted that site clearance and final drawings are underway for the new campus, designed by acclaimed architect Norman Foster, and that construction will begin in summer 2010. Buoyed by a $9 million alumnus gift earlier this month, Levin expressed confidence that the school was on track toward having sufficient funds to proceed with construction on schedule.

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