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Frederick “Fritz” A. Henderson—a 1984 graduate of the Harvard Business School—resigned as CEO of General Motors on Tuesday after the Board of Directors asked him to step down, a move that stunned the auto industry.
After leading the school through a wave of budget cuts earlier this year, Light, who joined the Business School faculty 40 years ago, said that it was a good time to step down.
University President Drew G. Faust said that she plans to appoint a successor by the time Light steps down in June 2010. Faust added that she will assemble a search committee in the coming weeks.
“What we had to do was calm ourselves down, think about the fundamentals and focus on defense,” Markley said.