Larry Barton, Ph.D., announced he will retire on Feb. 1 as president and CEO of The American College to assume the role of chancellor.
Michael C. Davidson, MSM, CLU, CAP, former chair of the board of trustees and retired vice chairman and chief agency & marketing Officer for State Farm Insurance Companies, will serve as acting president and CEO starting Feb. 1. A search committee to replace Barton, who has served at the helm for more than a decade, will begin next year.
As chancellor, Barton will continue to be the voice of the institution at select company and legislative meetings, advance fund-raising efforts and continue as a senior faculty member as the O. Alfred Granum chair in Leadership.
“I am so grateful to the faculty, staff, alumni and board members of The College,” Barton said in a statement. “There is a time when each of us knows it is time to retire from one role and make a better and different contribution, and this is the right time for that transition. I am incredibly proud of what we accomplished, and energized about the transformation ahead.”
Barton was appointed to the faculty of Harvard Business School at age 27, and also served on the faculty of Penn State University and Boston College. He was named a Fulbright Scholar to Japan in 1994 and was the 2010 recipient of the Lifetime Achievement Award from the Roundtable of New York for his contributions to the financial services industry.