After five years of service and dedication to American University, Dr. Richard M. Durand, the Robert and Arlene Kogod Dean of the Kogod School of Business has announced his decision to retire. His last day will be June 30, 2011.
During his tenure, Dean Durand expanded the school’s academic inventory with innovative and interdisciplinary programs and empowered the faculty and staff to develop new ideas and opportunities. Placing an emphasis on market driven programs, he supported the development of four new degree programs, revival of two masters programs, and the creation of interdisciplinary or dual degree offerings with the School of International Service, College of Arts and Sciences, and the Washington College of Law. This semester Kogod also launched a new M.S. in Finance with Freddie Mac at their Tyson’s Corner campus, opening a new chapter in degree development and enrollment growth.
While expanding the school’s academic inventory and student population, he invested in Kogod’s faculty, hiring 18 new tenured faculty since 2005; established four Kogod Professorships; increased annual faculty research support; established the Dvorkin Faculty Fellowship in Accounting and the UPS Faculty Fellowship; as well as secured the Collins Chair in Strategy. In addition, this year Kogod will launch a new Tax Center.
From idea to fruition, Dean Durand nurtured the Kogod building expansion, the first entirely donor-funded construction project at American University. This new space more than doubled the size of the business school, created a physical space for students to build a greater sense of community, and afforded state-of-the-art facilities for academic achievement. An innovative Financial Services and Information Technology Lab and a Behavioral Research Lab were included in the expansion.
Student service programs were created or expanded under Dean Durand’s leadership, including Office of Academic Programs, the Kogod Center for Career Development, the Center for Business Communications, and the Kogod Leadership and Applied Business (K-LAB). He invested in the improvement and expansion of Kogod’s signature programs such as the Case Competition, Alan Meltzer CEO Leadership Speaker Series, Road Scholars Program, Washington Initiative, and many others.
Passionate about the improvement and growth of business schools around the world, he boosted the international activity of Kogod students and faculty, added new partnerships in Europe and the Middle East, and helped other schools around the globe set high industry standards through AACSB accreditation.
As Kogod has grown over the last five years, Dean Durand has integrated sage counsel from industry experts into the Kogod community through the expanded and redefined role of the Kogod Advisory Council, creation of the Kogod Real Estate Advisory Council, and continued growth of the Information Technology Executive Council.
Dean Durand is an integral part of the American University community and shares with us his enthusiasm for “Business AND…” that so embodies our campus spirit of collaboration. Please join me in thanking Dean Durand for his extraordinary service to AU and wishing him well this academic year and in his upcoming retirement from Kogod and AU.
A national search for a new dean of the Kogod School of Business will take place this academic year. Details about the search as well as details about a reception celebrating Dean Durand’s contributions will be shared at a later date.