Babson College, a private business school located in Wellesley, said that its president Len Schlesinger will step down at the end of this academic year and that a search committee has been formed to look for his successor.
In a statement, the 60-year-old Schlesinger said: “It is now time to reorient much of my attention to those in my family who both deserve and require it. An orderly transition for the president’s role over the coming months will make that possible. I value, above all, the opportunity to attend more closely to my mother at a time she requires closer support and more time as well with my children as they pursue their respective journeys locally, on the West Coast and in Australia.”
Schlesinger has held the president’s post since mid 2008. He is a former Harvard Business School professor who has worked in both academia and business. Schlesinger came to Babson from the Ohio-based retailer Limited Brands Inc., where he was vice chairman and chief operating officer. Earlier in his career, he was executive vice president and chief operating officer at Au Bon Pain, a restaurant chain based in Boston.
In a statement, Joseph L. Winn, chair of the college’s board of trustees, said: “On behalf of the board of trustees, I want to thank Len for his extraordinary service to Babson as the college’s 12th President. Five years after his arrival, Babson has never been in a stronger position by almost every measure. The college has joined the ranks of America’s elite schools and the opportunities that lie ahead for Babson have never been more exciting. The board shares Len’s view that this is an opportune time to initiate a transition process. We now enthusiastically prepare to identify the right leader to serve as Babson’s 13th president to take us through the college’s 100th anniversary in 2019.”
To view a copy of the letter that Schlesinger sent to the Babson community, please click here.