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Announcement
Adam S. Posen to Become New President of Peterson Institute for International Economics
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WASHINGTON—Adam S. Posen, a widely respected economist who has been serving as an external member of the Monetary Policy Committee of the Bank of England since 2009, has been chosen by the board of directors of the Peterson Institute for International Economics as its next President. Dr. Posen, deputy director of the Institute during 2007–09, will succeed C. Fred Bergsten, founding director of the Institute since its creation in 1981. The appointment will take effect January 1, 2013.
Dr. Posen was selected unanimously today by the Peterson Institute's board of directors, following a recommendation by its executive committee. The executive committee functioned as the search committee under the leadership of its chairman, James W. Owens, former chairman and CEO of Caterpillar, Inc. The search began after Dr. Bergsten announced his intention to step down earlier this year. At the request of the Board, Dr. Bergsten will remain active at the Institute as a senior fellow and president emeritus.
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