Booth’s Dean Snyder to Step Down

Dean SnyderEdward Snyder, dean of  the University of Chicago’s Booth School of Business, has announced his plans to step down at the end of June, the Chicago Tribune reported Thursday.

The news comes just days after Harvard‘s dean Jay Light announced his plans to retire at the end of the school year, leaving the number-one position open at three of the nation’s top business schools. (Kellogg School of Management is also on the dean search to replace Dipak Jain.)

Snyder told the Financial Times that once he had made the decision not to seek a third term as dean of Chicago Booth when his second five-year term finished in June 2011, he felt it would make sense to leave next year rather than stay on as a “lame duck” dean for the extra year.

He did not announce his career plans, saying he will “consider his future” as well as analyze major public policy issues when he leaves. Snyder’s legacy to the school includes increasing its endowment by more than 150%, raising $300 million, moving into a new Hyde Park campus on schedule and establishing a London outpost.

To read Snyder’s letter to the Chicago Booth community, click here.

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