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(Boston) — Kenneth W. Freeman, currently a Member of the investment firm Kohlberg Kravis Roberts & Co. (KKR), today has been named the Allen Questrom Professor and Dean of Boston University’s School of Management (SMG) announced BU President Dr. Robert A. Brown. Freeman takes over for Louis E. Lataif who has helmed the school for 19 years.
“Management education faces unprecedented challenges and opportunities in the years ahead as we prepare the next generation of leaders in the global economy, who accept their responsibilities to society, as well as to their firms,” said Brown. “It is exciting to have Ken Freeman as our dean of the School of Management. His business experience, his intellect and values are the perfect tools to lead our faculty in shaping the future of management education and continuing the positive trajectory of the School.”
“With business issues dominating the news, management education is at a crossroads,” said Freeman. “It’s not just about developing core quantitative and analytical skills. We also need to develop and support future global leaders with a very strong value system, who know how to effectively interact with each other around the world, treat each other with respect, and work in a team environment.”
The profession and practice of business has been transformed by new regulations, new investment vehicles, powerful new technologies, and globalization. Freeman brings almost forty years of private sector experience, an open mind, and a keen interest in how students engage in learning, and in scholarship. He looks forward to driving innovation across the school’s research and teaching approaches to meet the challenges faced by companies and institutions throughout the world.
“Procuring additional resources will be an important focus, further assuring that the
SMG community has the talent, technology and ethical standards for it to be consistently recognized as among the best business schools in the world,” he said.
“As the School of Management approaches the beginning of its second century in 2013, I look forward to working with all of its constituencies – the faculty, students, alumni, staff and corporate leaders – to define how the rigors of scholarship and the relevance of education can inform and influence key conversations shaping our economy and society,” Freeman added.
Freeman began his career in 1972 at Corning Incorporated as an internal auditor. He was transferred by Corning to lead Corning Clinical Laboratories, the predecessor company to Quest Diagnostics, in 1995. After the business was spun-off by Corning at the end of 1996, he led the dramatic transformation of Quest Diagnostics from an embattled company facing significant challenges on multiple fronts into the leading provider of diagnostic testing in the world. Under Freeman’s leadership the market capitalization of Quest Diagnostics increased from $350 million at the time of the spinoff to $9 billion-plus when Freeman handed over the Chairman and CEO reins to his successor in 2004. The results of a study conducted at INSEAD and published earlier this year by the Harvard Business Review rated Freeman the 67th best performing CEO in the world.
In 2005, Freeman joined KKR as a managing director. He serves on the Portfolio Management Committee that oversees all of the firm’s private equity investments around the world. Upon joining SMG, Freeman will continue his affiliation with KKR, as a Senior Advisor. Freeman is also a director of hospital operator HCA, Inc.; medical device maker Accellent, Inc.; and Masonite Corp., a building products manufacturer. Freeman is the trustee chairman of Bucknell University, his alma mater.
Freeman received his B.S. in Business Administration in 1972, summa cum laude, from Bucknell University and an M.B.A with distinction from Harvard Business School in 1976.
The School of Management was recently ranked number 31 in U.S. News & World Report’s rankings of American business schools, representing the most significant improvement of any school in the rankings, an improvement of 15 places. The rankings reflect academic quality, the mean starting salary/bonus of graduates and their employment rates, the quality of entering students and, reviews by peers and recruiters. SMG was among the five highest-rated business schools in New England, and in that group, it had the highest percentage of graduates placed in jobs within three months.
Founded as the College of Business Administration in 1913, Boston University School of Management develops builders and leaders for the networked-era, emphasizing the fusion of the art, science, and technology of business. The School’s holistic approach prepares the next generation of business leaders for a world that values management as a system of interdependent functions, decisions, people, and technologies. It is the worldwide leader in offering a unique MS•MBA program, a rigorous dual degree and next-generation MBA fusing a traditional management education with expertise in the information technologies that are transforming all businesses. The School also offers a full range of graduate and undergraduate management degree programs and executive education.
Founded in 1839, Boston University is an internationally recognized private research university with more than 30,000 students participating in undergraduate, graduate, and professional programs. BU consists of 17 colleges and schools along with a number of multi-disciplinary centers and institutes which are central to the school’s research and teaching mission.