Word: erian
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...search continues for a permanent replacement for outgoing Harvard Management Company (HMC) President Mohamed A. El-Erian, the University announced Friday that a temporary head will come from its own ranks...
...move may signal an increasing adherence to El-Erian’s goals of creating more ties between the University and the traditionally aloof investment group, an issue he had remained passionate about throughout his tenure. El-Erian, himself, joined the ranks of the HBS faculty, serving as a lecturer on business administration...
...Erian, who has led HMC for almost two years, said in September that he would step down at the end of this year to co-head his former company, PIMCO. According to University spokesman John D. Longbrake, Kaplan’s early start will enable the transition to take place as he completes teaching this semester...
Appointing an interim CEO two months into the search process could be an indication that the search committee—comprised of the 12 members of HMC’s Board of Directors—is concerned about finding a full-time replacement before El-Erian departs...
...previous search took 10 months before El-Erian was selected. Members of the board have declined to comment on the state of the search because it is still ongoing. Kaplan could not be reached for comment...