Stanford alum, business school dean Jonathan Levin named Stanford president

Jonathan Levin, a distinguished economist and Stanford alumnus who has led the Stanford Graduate School of Business as dean for the last eight years, has been appointed the next president of Stanford University, the Board of Trustees announced today.

Jerry Yang, BS, MS ’90, chair of the Board of Trustees, thanked the 20-member Presidential Search Committee (PSC) for their work, and said Levin was the unanimous choice of the search committee and of the trustees. The PSC conducted a comprehensive search for Stanford’s next president. Levin will become president effective Aug. 1, 2024.

“Jon brings a rare combination of qualities: a deep understanding and love of Stanford, an impressive track record of academic and leadership success, the analytical prowess to tackle complex strategic issues, and a collaborative and optimistic working style,” Yang said. “He is consistently described by those who know him as principled, humble, authentic, thoughtful, and inspiring. We are excited about Stanford’s future under Jon’s leadership.”

Levin, 51, has been a member of the Stanford faculty since 2000. The winner in 2011 of the John Bates Clark Medal, an award recognizing the most outstanding American economist under the age of 40, Levin today is the Philip H. Knight Professor and dean of the Stanford Graduate School of Business. He also serves as a member of President Biden’s Council of Advisors on Science and Technology.

“I am grateful and humbled to be asked to lead Stanford – a university that has meant so much to me for more than three decades,” Levin said. “When I was an undergraduate, Stanford opened my mind, nurtured my love for math and literature, and inspired me to pursue an academic career. In the years since, it has given me opportunities to pursue ideas in collaboration with brilliant colleagues, teach exceptional students, and bring people together to achieve ambitious collective goals around the university.”

“As I look to Stanford’s future, I’m excited to strengthen our commitment to academic excellence and freedom; to foster the principles of openness, curiosity, and mutual respect; and to lead our faculty and students as they advance knowledge and seek to contribute in meaningful ways to the world.”

Levin will succeed Richard Saller, who has served as Stanford’s president on an interim basis since September 2023.

“I want to thank President Richard Saller for his exemplary leadership this year,” Levin said. “He, along with Provost Martinez, have demonstrated deeply principled academic values and uncommon thoughtfulness as they have navigated a unique set of challenges. I look forward to working with them in the months ahead, and continuing that work with Provost Martinez and leaders across the university to envision an even better Stanford.”

Presidential search process

The PSC, composed of diverse stakeholders across the university, conducted an extensive and rigorous seven-month search for the university’s 13th president. Read more about the search process.

Leaders of the search highlighted Levin’s impressive academic credentials, strong track record as dean of the Graduate School of Business, and extensive knowledge of Stanford and its culture. They also noted that he has the personal qualities that members of the community emphasized were important in Stanford’s next president, including integrity, humility, aspiration, and emotional and intellectual intelligence.

“Jon is a leader who drives change in a way that engages faculty, students, and other stakeholders,” said Bonnie Maldonado, MD ’81, co-chair of the Presidential Search Committee and senior associate dean for faculty development and diversity in the Stanford School of Medicine. “Moreover, Jon’s academic background, analytical skills, and experience have provided him with the skillset and ability to oversee this incredibly complex institution.”

“Jon exhibits a perspective that blends optimism, intellect, ideas, and experience,” said Lily Sarafan, BS ’03, MS ’03, co-chair of the Presidential Search Committee and trustee. “Jon has a deep understanding of Stanford and its role in the world, including the need to expand the university’s educational reach, support emerging areas of research, and renew trust and goodwill both internally and externally.”

“We interviewed an impressive slate of candidates, individuals with excellent credentials and experience,” Sarafan continued. “From that outstanding group, Jon emerged as the person best suited to lead Stanford into the future.”

Academic career and public service

Levin attended Stanford as an undergraduate, completing a BA in English and a BS in mathematics in 1994. He then completed an MPhil in economics from Oxford University and a PhD in economics from MIT.

 

Image credit: Aubrie Pick

He joined the economics faculty at Stanford in 2000 and later was awarded an endowed chair, becoming the Holbrook Working Professor of Price Theory in the School of Humanities and Sciences.

He served as chair of the Stanford economics department from 2011 to 2014. As chair, Levin established a vision and strategy to elevate the department and helped recruit two future Nobel laureates and four Clark medalists to Stanford.

Levin is widely recognized for his scholarship in industrial organization and market design. His research has spanned topics ranging from incentive contracts to game theory to e-commerce, consumer lending, and health care competition. He helped design the first Advanced Market Commitment that accelerated the global adoption of pneumococcal vaccine. He also helped design the Federal Communication Commission’s $20 billion incentive auction to convert broadcast television spectrum to broadband wireless licenses. He has advised technology companies building online marketplaces and advertising systems.

Levin has also been active in public service. In 2021, Levin was invited by President Biden to serve on the President’s Council of Advisors on Science and Technology. In this role, he has studied problems ranging from the modeling and predicting of extreme weather to the prospects of AI for scientific discovery, and from cyber-physical resilience to the future of the social sciences.

Levin became dean of the Graduate School of Business in 2016. Under his leadership, the school made important advances in multiple strategic areas.

First, it made significant investments in its research and teaching mission, including the creation of the GSB Research Hub to provide shared resources for empirical and experimental work, and the Teaching and Learning Hub to support curriculum development, educational technology, and experiential learning. The school significantly increased faculty research funding, redesigned student fellowships to be need-based, and expanded its distinctive academic-practitioner teaching model, among other efforts.

Second, the school expanded its educational reach. It has extended its footprint in executive and online education, including significant growth of the flagship online LEAD program for mid- to senior-level professionals. The school has made significant strides with Stanford Seed, which educates entrepreneurial leaders in the developing world; the King Center on Global Development, established in 2017 in partnership with the Stanford Institute for Economic Policy Research; and by initiating Stanford Global Economic Forums in Beijing and Singapore. This year, the GSB introduced the new Stanford Pathfinder classes for undergraduates across the university.

Third, during Levin’s tenure as dean, the school launched a major new initiative around Business, Government, and Society. The initiative addresses how business intersects with societal issues, such as sustainability, the effects of technology, the strength of democratic institutions, and global politics. It has led to new classes, research grants, workshops for students, a faculty-led effort on artificial intelligence, and new partnerships between the GSB and Stanford’s other schools and institutes.