Kenneth Dunn, dean of the Tepper School of Business at Carnegie Mellon University, announced this week that he will step down in 2011, making Tepper the latest in a growing list of top U.S. business schools now searching for a new dean.
Dunn has served as Tepper’s dean since 2002, when he retired as managing director at Morgan Stanley. But his relationship with the school dates back farther than that – he was a professor of financial economics at Carnegie Mellon from 1979 to 1987.
Dunn, now serving his second term as dean, made his greatest mark on the school during his first five-year term, when he spearheaded the effort that secured a $55 million naming gift from Wall Street investor David Tepper. The donation was the largest in Carnegie Mellon’s 104-year history. Dunn also helped grown the number of endowed professorships held by Tepper faculty by 40 percent and helped increase the school’s average GMAT scores by 44 points.
Dean Dunn held a series of meetings to announce his decision to step down to the Tepper community, noting that he feels he has achieved the specific priorities he had hoped to pursue while dean. “The quality of our students and graduates is exceptional and has never been stronger, and our employment statistics are among the best of the leading B-schools,” he said in a statement. “Our world-class faculty continues to deliver outstanding educational programs and cutting-edge research,” he continued.
Dunn will step down on January 1, 2011, at which point he and his wife intend to move to New York to be closer to their children and grandson. Carnegie Mellon will soon be forming a search committee to seek Dunn’s successor.
Read the full article: Another Business School in Search of a Dean: Carnegie Mellon’s Tepper School Joins the List