BERKELEY, Calif. – Richard Lyons, former dean of the University of California, Berkeley’s Haas School of Business and associate vice chancellor for innovation & entrepreneurship, has been appointed as the new chancellor of UC Berkeley, succeeding Chancellor Carol Christ. His tenure will commence on July 1, 2024.

Unanimous Approval by UC Board of Regents

The UC Board of Regents unanimously voted for Lyons’ appointment during a special meeting held at UCLA. Alongside the appointment, they approved his annual salary of $946,450, which includes additional private funds totaling $220,000.

Values and Vision

Regent chair Richard Leib highlighted Lyons’ values, emphasizing his commitment to questioning the status quo, fostering confidence without attitude, and prioritizing students above personal interests. Leib’s decision was influenced by his own experience as an undergraduate student at Haas Business School.

Achievements and Contributions

Lyons, a professor of economics and finance, served as the dean of the Haas School of Business from 2008 to 2018. During his tenure, he facilitated the construction of a new academic building funded entirely by alumni and secured eight of the ten largest donations in the school’s history.

Financial Acumen and Future Prospects

Several regents praised Lyons’ ability to garner economic support for the institution, foreseeing his crucial role in financing UC Berkeley’s future endeavors. Jo Mackness, UC Berkeley’s associate vice chancellor in the division of student affairs, commended Lyons for his financial acumen and creativity.

Research Focus and Leadership

Lyons’ academic pursuits primarily center around international finance, with recent endeavors emphasizing the significance of culture, equity, and belonging in organizational dynamics. In 2023, he was appointed by UC Berkeley president Michael Drake to chair the new President’s Council for Entrepreneurship, underscoring his commitment to fostering innovation on campus.

Animated Dedication to Learning

In his address to the regents, Lyons encapsulated his lifelong dedication to learning and ideation, recounting his memoir in six words: lifelong love affair with ideas, learning. He emphasized his enthusiasm for intellectual pursuits while acknowledging the need for measured expression.

Shaping UC Berkeley’s Future

Richard Lyons’ appointment as UC Berkeley’s next chancellor heralds a new era for the institution, characterized by a blend of financial stewardship, academic excellence, and innovative leadership. As he assumes office, Lyons’ vision and values are poised to shape the trajectory of one of the world’s premier academic institutions. Download The Local News App to stay updated on this transformative development.

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