Albert W. Niemi, Jr., the dean of SMU’s Cox School of Business during a time of great growth and increasing national stature for the school, has announced his intention to step down from his administrative post at the end of the 2016-17 academic year.
He will continue to serve as dean during the University’s search, which will begin immediately.
Dean Niemi, who currently holds the Cox School’s Tolleson Chair in Business Leadership, will remain on the faculty as the William J. O’Neil Chair in Global Markets and Freedom after he completes his administrative duties.
“We just finished SMU’s first century and the Second Century Campaign, so now is a time to look ahead,” Niemi said. “We need someone with a vision to lead the Cox School to success in its next era. By stepping down as dean, but remaining to teach, I have the opportunity to support the next dean if he or she wants my advice, and I can be with my students, work with my faculty and staff colleagues, and continue to be part of this great campus. It will be a privilege to end my career the way I began it – in the classroom, doing what I love best.”
Since arriving at the Cox School in June 1997, Niemi has increased the school’s national and international visibility. Cox’s B.B.A., full-time M.B.A., Professional M.B.A. and Executive M.B.A. programs are ranked among the best in the world by Bloomberg BusinessWeek, The Economist, Financial Times, Forbes, and U.S. News & World Report. Niemi is the eighth dean – and, as he begins his 20th year at SMU, the longest-serving dean – in the Cox School’s history.
Niemi also has been an effective fund-raiser who has dramatically increased the school’s endowment from $78 million to more than $200 million. The new endowment funds have created 10 new endowed faculty positions, eight new endowed centers and institutes, and 60 new endowed scholarships. In addition, he helped raise $19 million to support the construction of the James M. Collins Executive Education Center.
During his tenure, donors have honored his service by establishing the Albert W. Niemi Center for American Capitalism at SMU Cox and the Maria and Albert Niemi Endowed Centennial B.B.A. Scholars Fund. The Niemi Center is a partnership with the George W. Bush Institute that puts the tenets of Niemi’s teaching and research into action through research fellowships, academic programs and community outreach. The Niemi Endowed Centennial B.B.A. Scholars Fund provides scholarships to support B.B.A. students in the Cox School.
“My professional relationship with Al Niemi pre-dates my own arrival at SMU as president,” said SMU President R. Gerald Turner. “He had already earned a reputation as an outstanding educator and business school administrator at the University of Georgia, so when the opportunity arose to recruit him to serve as the dean of the Cox School, it was an easy choice and one that has greatly benefited both Cox and the University. Under his leadership, the Cox School has strengthened its connection to the Dallas and North Texas community of which SMU is a part and has also become a globally prominent business school.”
Before coming to SMU, Niemi served as dean of the Terry College of Business at the University of Georgia from 1982-1996. An expert in economic growth, economic forecasting, and the history of capitalism in America, he has taught more than 15,000 students and consistently has been recognized for distinguished teaching. He also has written six books and more than 200 articles for leading academic journals and business periodicals.
“As an academician, administrator, and university citizen, Al Niemi is second to none,” SMU Provost Steven Currall said. “The business school faculty he leads enjoys a stellar global reputation. Both the undergraduate and graduate programs rank highly. The Cox BBA Scholars program, which allows first-year students with outstanding academic qualifications to be admitted directly into the Cox School, continues to attract the nation’s best and brightest undergraduates. In turn, the BBA Scholars program has helped enhance SMU’s student academic profile campus-wide.”
Niemi has served on and led search committees that have brought new leaders, including the current provost, to SMU. He has worked extensively in business school and university accreditation. In addition, he has chaired or served as a member on accreditation review teams to more than 20 universities, including Emory, Washington University, DePaul, Vanderbilt, Claremont, William and Mary, North Carolina, South Carolina, Wake Forest, Florida, Texas, Colorado, Syracuse, Monterrey Tech (Mexico), INCAE (Costa Rica), University of Monterrey (Mexico), the Autonomous Technological University of Mexico, and IESA (Venezuela).
The dean also served three-year terms on the Board of Governors of the American Association of University Administrators and Beta Gamma Sigma, and he served a six-year term on the Board of Trustees of Stonehill College, his alma mater, in Easton, Massachusetts.
Active in the business community, Niemi speaks to numerous civic and business groups across the nation. He is currently a member of the advisory board of the Bank of Texas and the Advisory Council of The Catholic Foundation.
Originally from Massachusetts, Niemi is the grandson of Finnish and Irish immigrants. He earned a scholarship to Stonehill College, from which he graduated cum laude with an A.B. degree in economics, and went on to earn his M.A and Ph.D. degrees in economics from the University of Connecticut.
The dean and his wife, Maria, have two grown children, Albert III and Edward Charles, and three grandchildren.