Campus News in Brief

Tepper School receives $5 million to establish Richard P. Simmons Distinguished Professorship

The Tepper School of Business established the Richard P. Simmons Distinguished Professorship and named 2004 Nobel Prize winner Finn E. Kydland as the first person appointed to the chair, the university announced in a January 29 press release.

The professorship was established with a $5 million grant from Richard P. and Virginia M. Simmons. Simmons is a retired chairman of Allegheny Technologies Inc. and adjunct professor at the Tepper School.

Kydland has a long history with Carnegie Mellon. He earned his doctorate in economics from Carnegie Mellon in 1973, and earned his Nobel Prize in conjunction with his doctoral faculty advisor and fellow Carnegie Mellon graduate Edward Prescott, who earned his doctorate in 1967.

The Richard P. Simmons chair is one of eight chairs endowed at the Tepper School this academic year.