Dr. David Hummels Krannert School of Management Dean and Distinguished Professor of Economics Samuel R. Allen has announced his intention to step down in July 2023 after holding the position since 2014 .
“David brings stability and trusted leadership to our business school first, followed by a track record of growth and improved reputation,” said Purdue President Mitch Daniels. “Because of the path he has set, we are poised for a great new era, and all boilermakers have reason to thank him for his nine years of outstanding service.”
The Purdue University Board of Regents also announced the creation of a Transition Steering Committee that will lead the reimagining of Purdue Business School, including the hiring of new leaders. The university announced in September that the School of Management would be relaunched as the new business school, which will redefine the preparation of business leaders for a technology-driven world.
“It is an honor to lead this group of talented professionals, and I am grateful to the faculty, students, alumni and staff who have contributed so much to our success,” Hummels said. “I am excited about the commitment the board and donors have made to further elevate us. If the school embraces a new vision, I agree that now is the right time for newcomers to advance that vision. I’m excited to return to what means to me Significant teaching and research.”
The transition steering committee will be co-chaired by Gary Lehman, vice president of the Purdue University Board of Regents, and Kevin Mumford, associate professor of economics and director of the Purdue Center for Economic Research, Kozuk. In addition to the two chairmen, the transition steering committee will include faculty from outside Purdue, trustees, prominent alumni and thought leaders who will be appointed at a later date.
The Transition Steering Committee will have three initial tasks:
- Leading the search for Hummels’ successor.
- Work with Hummels and staff to recommend to trustees the departmental structure of the new school and the design of its staff leadership.
- Ensure implementation of the differentiated design features of the new school as envisioned by the Board and promoted to donors.
Purdue’s first phase of improvements, planned for fall 2023, include growth in student enrollment, an increase in targeted faculty, and an increase in curriculum and experiential education. Hummels will continue to lead the school towards these milestones until his successor is appointed.