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Jane L. Mendillo, who worked at Harvard Management Company (HMC) for 15 years until her departure to run Wellesley College’s investments in 2002, will return as HMC??€™s CEO this July, the University announced last week...
...revamped Wellesley’s investment strategy, creating its first investment office, and helped the school’s endowment earn an average annual return of 13.5 percent during her five-year tenure. Wellesley’s investments grew by almost a quarter in 2007 and nearly matched HMC??€™s results...
...Robert Kaplan, a former vice chairman at Goldman Sachs and a professor at the Harvard Business School, has acted as interim CEO since January 1 and, the University says, will now serve on HMC??€™s board of directors...
...When El-Erian assumed leadership of HMC in 2006, the firm was severely in need of rebuilding following Meyer’s debilitating departure. Despite his short tenure, El-Erian left his mark on the institution, reorganizing HMC??€™s internal infrastructure and increasing the traditionally aloof company’s ties with the University—changes that remain in place today...
...highest-paid employee that year besides El-Erian was Andrew Wiltshire, the head of HMC??€™s investments in natural resources, who earned $2.9 million. This year, Wiltshire saw his compensation double to $6 million, the second highest after...