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University of Iowa News Release


March 14, 2008

Jay Sa-Aadu named new head of Tippie M.B.A. programs

Jay Sa-Aadu, Chester Phillips Professor of Finance and Real Estate in the University of Iowa's Tippie College of Business, has been named associate dean of the Tippie School of Management.

In his new position, Sa-Aadu will oversee the college's four graduate-level management education programs: the Full-Time Tippie MBA, Executive MBA, Part-Time MBA-PM (Professionals and Managers) and the International Executive MBA Program in Hong Kong and Beijing. He will become associate dean June 1, replacing Gary Gaeth, who is stepping down after 11 years in the position.

"Jay has a passion for excellence in research, teaching and service and he has been an active participant in all aspects of the college," said Curt Hunter, dean of the Tippie College of Business. "He is known by faculty for his devotion to excellence and his collaborative approach, and Jay has served the college and the university in a variety of roles. We look forward to his leadership of our graduate management education programs."

A native of Ghana, Sa-Aadu joined the college's faculty in the Department of Finance in 1981 after earning his Ph.D. and M.B.A. from the University of Wisconsin-Madison. He received his bachelor's degree from the Kwame Nkrumah University of Science and Technology in Ghana.

Sa-Aadu was executive officer of the Department of Finance from 1992 to 2004 and helped to initiate such programs as the Hawkinson Institute for Business Finance, the Vaughan Institute for Risk Management and Insurance, and the Henry and Krause student-managed investment funds.

He has taught numerous courses in the Tippie School of Management and recently served on the MBA Task Force that reviewed the Full-Time MBA program and curriculum. Sa-Aadu also served on search committees that led to the hirings of Hunter, UI president Sally Mason and former president David Skorton. He has received both the Regents Award for Faculty Excellence and the Tippie Dean's Teaching Award.

Sa-Aadu is also helping to build a modern economic infrastructure in his home country. He helped to establish the Ghana Stock Exchange and has returned to the country for the past 14 years to help guide its growth. He also advises the Central Bank of Ghana, the Ghana Banking Institute, and the government of Ghana on finance matters, and he has worked with his college alma mater to start a business school, where he teaches every summer.

Gaeth, a professor of marketing and Cedar Rapids Area Business chair, will remain active in the programs of the Tippie School of Management. Hunter noted that under Gaeth's leadership, the school developed separate identities for each M.B.A. program, and saw significant enrollment growth in its MBA-PM program. Gaeth helped to expand the Executive MBA program to sites around Iowa, and, later, globally. In addition, he was instrumental in the launch of the Tippie Business Solutions Center, which opened this year to give Full-Time MBA students an on-the-job training experience.

The Tippie School of Management offers three M.B.A. programs designed to enhance professional education: a Full-Time MBA; the MBA-PM program, which is offered predominately in the evenings for students in Des Moines, Newton, Cedar Rapids and the Quad Cities; and the Executive MBA, with programs in Iowa City and Des Moines. In addition, the Tippie School has expanded its offerings in recent years by providing a dual master's degree program for engineers, in conjunction with Iowa State University, and an International Executive MBA program in both Hong Kong and Beijing.

STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Iowa City, Iowa 52242-2500

MEDIA CONTACT: Barb Thomas, Tippie College of Business, 319-335-2188,; Tom Snee, 319-384-0010 (office), 319-541-8434 (cell),