[Chronicle]

Nov. 30, 2000
Vol. 20 No. 6

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    Hamada to leave GSB deanship after eight years of leadership

    Robert Hamada, Dean of the University’s Graduate School of Business since 1993 and the Edward Eagle Brown Distinguished Service Professor of Finance, has announced he will leave the deanship effective July 1, 2001.

    During his tenure as Dean of the GSB, Hamada has completed numerous initiatives, including internationalizing the GSB by establishing campuses in Barcelona and Singapore and establishing an International M.B.A. program on the Hyde Park campus.

    “Dean Hamada’s plan to leave the deanship as of July 1, 2001, occasions in all of us the wish to celebrate his very many accomplishments and to express to him our gratitude for his long and productive service, not only as dean, but also as a member of the faculty, who ultimately establish the values of the institution and see to their continuing vigor,” said President Randel. “The list of his accomplishments is very long and very well known. I join heartily in expressing our common gratitude.”

    While serving as Dean, Hamada also created a foundation for a strong GSB alumni network and directed the initiative to pay for the Gleacher Center and established a conference center in that facility. Hamada also built up the GSB’s general management, entrepreneurship and marketing areas, in addition to giving the school a permanent presence in Europe and Asia. He has been a member of the GSB faculty since 1966.

    “I am currently 63 years old and am looking forward to a totally different challenge,” Hamada wrote in a letter sent to GSB faculty, students, staff and other University community members. “I believe strongly that this job now requires a younger person infused with fresh energy to balance the interests of all the GSB constituents–faculty; current and prospective students; alumni; corporate community; media; donors; the University’s central administration; and non-GSB faculty and students at the University–while adhering to the historical culture and traditions that have made us great and world-renowned.”

    Hamada has led other GSB initiatives, including raising $111 million in the first 11 months of the GSB’s five-year $175 million capital campaign, which includes the financing for a new Hyde Park integrated campus and planning for an M.B.A.-dedicated, modern residence hall, and helping to build up the GSB’s general management, entrepreneurship, and marketing areas.

    Hamada noted in his letter that he takes pride “in having the honor of my Nobel Laureate colleagues Merton Miller, Robert Fogel and Myron Scholes teaching (or receiving the award) while on my watch, and doggedly adhering to the standards of scholarship historically required for our faculty.”

    Dennis Keller (M.B.A. ’68), a Trustee of the University and chairman of the GSB Advisory Council, said, “Bob Hamada’s devotion to the GSB and its constant improvement has been exemplary. The many initiatives of his deanship, including the school’s spectacular new integrated campus, will bring benefits for decades to come. He deserves our heartfelt thanks.”

    Hamada also wrote, “It is absolutely necessary to thank four faculty members who unselfishly gave up their academic careers while serving the GSB as deputy deans.” Hamada named Deputy Deans Gary Eppen, the Ralph and Dorothy Keller Distinguished Service Professor of Operations Management; Robin Hogarth, the Wallace W. Booth Professor of Behavioral Science; John Huizinga, the Walter David “Bud” Fackler Professor of Economics; and Mark Zmijewski, the Leon Carroll Marshall Professor of Accounting.

    “It has been an honor to have served our institution, of which I have been a part for 35 years,” he wrote.

    A search committee is being formed at the GSB to make a recommendation to Randel and Provost Geoffrey Stone on a successor for Hamada.

    An internationally known authority on finance, Hamada served as Deputy Dean for the faculty at the GSB from 1985 to 1990 and was Director of the school’s Center for Research in Security Prices from 1980 to 1985. He also was Director of the GSB’s Center for International Business Education and Research from 1992 to 1993.

    He received the first outstanding teaching award given by the GSB in 1970, and also received the school’s McKinsey Award for excellence in teaching in 1981. Before he became Dean, Hamada taught courses in corporate finance and corporate strategy.