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...time at Harvard has exposed me to many wonderful and interesting issues and people,” El-Erian said in the statement. A search for El-Erian’s successor will begin immediately, an HMC press release said...
...El-Erian came to Harvard in February 2006 after a protracted search lasting over 10 months...
...Under El-Erian, Harvard sought to rebuild its depleted internal investment company instead of outsourcing endowment management to other firms, as other peer institutions—including Yale—have done...
...deciding on the timing, we have been mindful not only of our family circumstances, but also of the fact that HMC is back at a ‘steady state’ following the completion of our rebuild phase,” El-Erian wrote in the e-mail, citing a retooled management staff and governance structure...
...During HMC’s rebuilding efforts we have also focused on deepening our institutional and organizational roots to ensure that the Company can no longer be significantly disrupted by the departure of any individual or groups of individuals (including the CEO),” El-Erian wrote...