Yesterday the Financial Times reported that Dipak Jain will step down as dean of INSEAD effective March 1, ending a two-year tenure as the school’s leader. INSEAD announced that Jain will stay with the school as a marketing professor. This news comes after Jain took an extended medical leave in 2012 to undergo extensive testing after complaining of exhaustion.
Earlier this week the INSEAD board selected two of the school’s current deputy deans to step up and lead: Ilian Mihov, an economic professor, and Peter Zemsky, a professor of strategy. They are expected to co-lead in an interim role until INSEAD is able to find a permanent replacement. Mihov
It was big news when Jain was announced as INSEAD’s new dean in 2010 (effective March, 2011), replacing Frank Brown. Jain, who served as dean of the Kellogg School of Management for eight years before stepping down in 2009, said he hasn’t been looking to assume a leadership position at another school, but INSEAD insisted on interviewing him for the job. Attracted to Jain for his experience in running Kellogg’s one-year MBA program (which is the only type of MBA that INSEAD offers) and his experience in international management training, the school formally introduced Jain to the the INSEAD community in late 2010. It was one of the first times a leader from a prominent U.S. business school left north America to lead a school on another continent.
We’re not sure if poor health drove Jain to step down, but we hope everything is okay. We wish him continued health and INSEAD success in finding a new leader.
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