News
Amid Boston Overdose Crisis, a Pair of Harvard Students Are Bringing Narcan to the Red Line
News
At First Cambridge City Council Election Forum, Candidates Clash Over Building Emissions
News
Harvard’s Updated Sustainability Plan Garners Optimistic Responses from Student Climate Activists
News
‘Sunroof’ Singer Nicky Youre Lights Up Harvard Yard at Crimson Jam
News
‘The Architect of the Whole Plan’: Harvard Law Graduate Ken Chesebro’s Path to Jan. 6
UPDATED: May 23, 2016, at 12:05 p.m.
Harvard Management Company CEO Stephen Blyth will take a temporary medical leave of absence starting May 23, the University announced Monday.
Robert A. Ettl, HMC’s Chief Operating Officer who joined the company in 2008, will serve as the interim CEO of Harvard’s investment arm.
Blyth’s absence comes in the middle of his second year at the helm of HMC, which manages Harvard’s $37.6 billion endowment. Under Blyth’s tenure, HMC has taken a number of steps to change its investment strategies and match returns that peer institutions earn on their endowments. In the last few years, Harvard’s endowment has grown at a slower rate than the investment pools of several peer institutions, including Princeton, MIT, and Yale.
“We have a highly-experienced executive team at HMC and, together with Bob, they will provide strong leadership in Stephen's absence” Paul J. Finnegan, Chair of HMC’s Board of Directors and the treasurer of the Harvard Corporation, the University’s highest governing body, wrote in a statement. “We look forward to Stephen's return to the company, and wish him well as he returns to full health."
The University has not specified a reason for the medical leave of absence.
Check thecrimson.com for more updates.
Want to keep up with breaking news? Subscribe to our email newsletter.