Richard Schmalensee, dean of the MIT Sloan School of Management, is to step down at the end of the academic year. A faculty member since 1977, Prof Schmalensee will return to teaching and research.

Since taking the helm in 1998, he has helped raise $220m and was the driving force behind the merger of two of the school’s programmes – the Sloan masters programme and the management of technology programme – to form the MIT Sloan Fellows programme in innovation and global leadership.

He has overseen the creation of the Global Leadership Lab and the MIT Leadership Center.

“With the new building set for ground-breaking, and a lot of positive changes in place, the end of this academic year is a natural time for transition,” Prof Schmalensee said.

“I still have a lot of work to get done between now and June 30, so I don’t really have time for any major reflection. But I do believe I’ll be leaving Sloan strong and well positioned to play a major leadership role in the next wave of innovation in management education.”

Skaug becomes CCL chairman

The Center for Creative Leadership, the non-profit educational institution based in North Carolina, has named Ingar Skaug as chairman of the board of governors.

Mr Skaug, group chief executive of the shipping company Wilh. Wilhelmsen, replaces Thomas Hearn, president of Wake Forest University, North Carolina, on the CCL board.

Business school body names chief

The Association of Business Schools, the representative body for UK business schools, has named Michael Osbaldeston as its next chairman.

Prof Osbaldeston, director of the Cranfield School of Management, will hold the position for two years. He succeeds Arthur Francis, dean of Bradford University School of Management.

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