Georgetown McDonough Announces New Faculty Chair
A new endowed faculty chair at Georgetown University’s McDonough School of Business will assist the school in its goal to retain the world’s best faculty by recognizing their contributions to the school and providing additional resources to support their work.
The Robin and Michael Psaros Endowed Chair in Business Administration is the latest gift to the school as part of its $100 million fundraising goal to support For Generations to Come, the Campaign for Georgetown University. The $1.5 billion campaign is raising funds to attract the best students through scholarships; promote faculty and academic excellence; enhance student life and the community experience; and to provide transformative opportunities that allow Georgetown to pioneer new fields and serve a as a global leader in them.
Michael Psaros, who graduated from Georgetown McDonough in 1989 with a Bachelor of Science in Business Administration, and his wife, Robin, made the gift to Georgetown to support faculty who provide the academic knowledge, rigor, and research that are hallmarks of the Georgetown experience.
“Endowing this chair is a fulfillment of a dream. Robin and I believe that to those whom much is given, much is expected. Endowing this chair is a great honor,” said Psaros, who also is co-founder and managing partner of KPS Capital Partners, LP. “Georgetown University is one of the world’s premiere educational institutions, and its core competency and expertise is teaching and the classroom experience. Georgetown McDonough has and will continue to attract the best and brightest faculty in the world, and our gift is in furtherance of strengthening the school’s competitive advantage.”
The Dean of Georgetown’s McDonough School of Business will select a faculty member to serve as the Psaros Chair. The chair will honor the school’s highest performing faculty, and the funding from the chair will support research and teaching by the selected senior faculty member. The chair will allow McDonough to be competitive in retaining the strongest possible faculty. Georgetown McDonough seeks to create a transformational educational experience for students, as well as to create original academic research that impacts business practice, and this faculty chair will contribute to both goals.
“Our faculty are the driving force behind the Georgetown McDonough education, so it is imperative that we recruit and retain the world’s leading academics to teach our students,” said David A. Thomas, dean of Georgetown’s McDonough School of Business. “We are extremely grateful for the Psaros family’s generosity toward our academic mission and their efforts to encourage other alumni and friends of the university to give back to the school.”
Michael Psaros also serves on the Executive Committee of the Georgetown McDonough Board of Advisors and on the Board of Advisors of the Georgetown University Center for Financial Markets and Policy.