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August 31, 2023

Yale University president plans to step down in 2024

Yale University President Peter Salovey.
By Andrew Larson

The president of Yale University, Peter Salovey, said in a message to the community Thursday that he plans to retire at the end of the 2023-24 academic year.

After taking the summer to reflect, Salovey said he decided it was an “auspicious” time to begin a leadership transition.

“There is no perfect moment for one — there is always more to do,” the letter states. “Yet, I believe the best time to search for a new leader is when things are going well. It allows for a thoughtful process and a smooth transition.”

Salovey said he believes the university emerged from COVID in a stronger position than it went in, and that the school has made meaningful strides during his 11-year tenure.

Salovey informed the board of trustees, known as Yale Corporation, that he plans to step down effective June 30, 2024.

“If more time is needed to conclude a search for my successor, I have let him know that he could count on me to extend this date to provide leadership continuity,” he wrote.

Salovey said he plans to return to the Yale faculty and looks forward to working on writing and research projects, teaching students, and helping with fundraising.

New Haven Mayor Justin Elicker praised Salovey for being a committed partner to the city in a statement.

Under Salovey’s leadership, Yale has increased its commitment to, and investments in, the Elm City — with the university nearly doubling its annual voluntary contribution to the city in 2021, according to Elicker.

Also, Salovey has worked to co-create the Center for Inclusive Growth that will help create jobs and drive economic growth, Elicker said.

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