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University of Iowa News Release

March 25, 2005

Gary Fethke To Step Down As Dean Of Tippie College

Gary Fethke, dean of the Henry B. Tippie College of Business at the University of Iowa, has announced that he will step down as dean at the end of the 2005-2006 academic year. He will continue to hold the Leonard A. Hadley Professorship in Leadership and will teach as a faculty member in the Departments of Economics and Management Sciences.

After 20 years as a member of the faculty and 11 years at the helm of the internationally-ranked business school, Fethke will be missed. "During his tenure as dean, Gary Fethke has made enormous contributions to the University of Iowa and the Tippie College of Business," stated UI President David Skorton. "His vision has been instrumental in the development of the Pomerantz Center, the John Pappajohn Entrepreneurial Center and expanded programming in both the undergraduate and graduate business programs. Personally, I will miss his direct, clear-eyed approach and the insights that he has provided as a key member of the university's academic leadership."

Fethke led the outreach and expansion of the Evening and Executive MBA Programs. The Evening MBA, now known as the MBA-PM, is currently offered in Cedar Rapids, Newton, Des Moines and the Quad Cities. The Executive MBA Program is now available both on campus and in other Iowa cities, as needed, and internationally, in Hong Kong and Beijing. He teaches strategic leadership in the Executive MBA program. In addition, Fethke spearheaded a partnership with Iowa State University that resulted in a dual degree program that provided students with both MBA and Master's in Systems Engineering degrees.

During his tenure, the Undergraduate Program began a number of innovative programs including an Early Admission Program that admits outstanding high school students directly into the Tippie College; the Hawkinson Institute of Business Finance, which provides advising and placement services for students in investment banking and financial services; and the Iowa Diversity in Business Program, which provides assistance and guidance to students of color and first-generation college students.

Fethke headed the planning and construction coordination of the John Pappajohn Business Building on the University of Iowa campus, the UI-Cedar Rapids Area Conference and Education Center in Cedar Rapids, the MBA facilities at the Des Moines W. A. Krause Center and the Newton Polytechnic Campus. He has been instrumental in the development of the university's new Pomerantz Center, which is scheduled to open in late summer of 2005 to house many student services including academic advising, career development and the Executive MBA program.

His fundraising endeavors with UI Foundation staff led to the development of the Pappajohn Business Building that opened in 1994; the John Pappajohn Entrepreneurial Center in 1996; the Hawkinson Institute of Business Finance in 1998 and the naming of the Henry B. Tippie College of Business in 1999. A commitment from Jerre and Mary Joy Stead in 2003 named and funded a speaker series for the Executive MBA Program and provided a chair in leadership, as well as ongoing support for the Stead Technology Services Group. Most recently his efforts helped establish the Bedell Entrepreneurship Learning Laboratory in 2004. He has also raised funds for fellowships, chairs and professorships to increase support for nearly 75 percent of the faculty. He is currently raising funds for the Vaughan Institute of Risk Management and Insurance.

"Gary's support and encouragement have been critical to the successful formation of the Vaughan Institute of Risk Management and Insurance," states Institute Director Larry Hershberger. "This is because Gary has a clear vision of what the Tippie College can achieve in terms of academic excellence. Gary made the Vaughan Institute one of the Tippie College's top priorities because he understands how such initiatives can add permanent, long-term value to the overall educational experience provided by the college."

"Under Gary Fethke's direction, the Henry B. Tippie College of Business has grown into one of the country's most respected business schools," states college benefactor and alumnus Henry B. Tippie. "It has been my pleasure to work closely with Gary through the years and I have the greatest respect for him as an educator and dean. Gary has a vision for the Tippie College that builds on Iowa's past successes and moves it to future greatness. His impact on Iowa's business students will be felt for years to come. I wish Gary and his wife, Carol, the very, very best for the future upon his retirement."

From 1988 to 1993, Fethke served as senior associate dean of academic affairs for the college, and before that he served as chairman of the Departments of Management Sciences and Marketing. In the years between receiving his Ph.D. at Iowa and returning to the college as a faculty member, he served on the faculty at Bradley University (1968-74). In addition, he taught at the London School of Economics (1981-82) for several summers (1984, 1986, 1988 and 1990). He has published numerous articles in the areas of industrial organization, macroeconomics, and labor economics, including several during his tenure as dean.

"There are things in life that I would like to do and those things would compete with effectively running the college. My wife and I plan to take some time off, and then I intend to remain an active member of the Iowa faculty for a few more years," Fethke said.

Fethke, originally from Sioux City, received both his B.A. and Ph.D. in economics from the University of Iowa. His wife, Carol, recently retired as a faculty member of the Departments of Economics and Marketing at the University of Iowa. They have two grown sons.

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

MEDIA CONTACT: George McCrory, 319-384-0012,; Writer: Barbara Thomas