Business student

Transition steering committee named Hummels, who led business school to new heights, announces intention to step down

David Hummels, Dr. Samuel R. Allen Dean of the Krannert School of Management and Emeritus Professor of Economics, announced his intention to step down in July 2023 after having held the position since 2014.

“David brought our business school first stability and trusted leadership, then a record of growth and an enhanced reputation,” said Purdue Chairman Mitch Daniels. “We are ready for a great new era because of the path he has blazed, and all Boilermakers have reason to be grateful for his nine years of excellent service.”

Purdue University’s Board of Trustees also announced the creation of a Transition Steering Committee that will lead the reimagining of the Purdue School of Business, including the hiring of a new leader. The university announced in September that the School of Management would be relaunched as a new business school that will redefine preparing business leaders for a technology-driven world.

“It has been a privilege to lead this talented group of professionals, and I am grateful to the faculty, students, alumni and staff who have contributed so much to our success,” Hummels said. “I am delighted with the commitments the Board and donors have made to lift us even further. As the school embraces a new vision, I agreed that now is the time to allow someone to again to pursue this vision. I am thrilled to return to the teaching and research that means so much to me.

The Transition Steering Committee will be co-chaired by Gary Lehman, Vice Chairman of the Purdue University Board of Trustees, and Kevin Mumford, Kozuch Director of the Purdue University Economics Research Center and Associate Professor of Economics. In addition to the two presidents, the transition steering committee will include faculty, administrators, prominent alumni and thought leaders from outside Purdue, who will be named at a later date.

The transition steering committee will have three initial missions:

  1. Lead the search for Hummels’ successor.
  2. Work with Hummels, faculty, and staff to recommend to administrators a design for the departmental structure of the new school as well as the direction of its faculty.
  3. Ensure the implementation of the differentiating design features of the new school as designed by the board and as promoted to donors.

Purdue is targeting fall 2023 for its first phase of improvements, involving student enrollment growth and the addition of targeted faculty as well as additions to curricular and experiential education. Hummels will continue to lead the school toward these milestones until his replacement is named.