WINSTON-SALEM, N.C. — Steve Reinemund, dean of the Wake Forest School of Business, said Monday he plans to step down after six years, effective June 30.
Reinemund, 65, was considered as a major catch for the university given his 23-year career with PepsiCo., including serving as chairman from 2001 to 2007 and as chief executive from 2001 to 2006.
Wake Forest officials said they will conduct a national search for Reinemund’s successor.
Reinemund is the first official to serve as dean of the combined Wake Forest undergraduate and graduate business schools.
During his time at Wake Forest, Reinemund expanded the school’s reach with corporate America and with domestic and global business leaders. He helped lead the building of the new business school, Farrell Hall, a $55 million facility that opened in July.
Other accomplishments include: adding a retail marketing center; broadening the school’s uptown Charlotte campus and curriculum; beginning an initiative to redesign the full-time MBA program; and pouring investment into the career development resources for undergraduate business majors.
In a brief statement, Reinemund said he is pleased with how the combined business school has become “a world-class institution.”
The university said Reinemund will remain an executive-in-residence, a role that will allow him to teach classes, mentor students and network on behalf of the business school.
Nathan Hatch, the university’s president, said Reinemund demonstrated “transformational leadership and exemplary service as dean.”
“His greatest legacy will be his unwavering commitment to developing passionate, ethical business leaders driven to achieve results with integrity.”