Duke - The Fuqua School of Business

News Release

Hemmerich to Join Duke's Business School as Associate Dean

Note to editors: A photo of Michael Hemmerich is available at http://www.dukenews.duke.edu/images/hemmerich.jpg.

June 16, 2004

DURHAM, N.C. -- Real estate executive and Duke University alumnus Michael R. Hemmerich will join Duke's Fuqua School of Business July 1 as associate dean for strategy and institutional research, Dean Douglas T. Breeden announced Thursday.

Hemmerich will concentrate on working with the dean and associate deans on building global alliances with other top-echelon business schools and pursuing executive education opportunities, Breeden said. He also will serve as a backup for executive-level vacancies and family leaves, and help Fuqua develop a measurement and reporting system that monitors and analyzes Fuqua's performance in financial, operating, admissions, placement, fundraising, alumni relations, teaching and research areas.

"Mike is not only a very friendly and polished person, but also a person of impressive intellect and business experience who has demonstrated rock-solid loyalty to Duke and a generous commitment to community causes," Breeden said. "I feel very fortunate that we have been able to attract him to a full-time position at Fuqua."

Hemmerich will work at Fuqua full-time and will leave the day-to-day management of The Dilweg Companies to his partner, Anthony Dilweg. Nonetheless, Hemmerich said he will still serve as manager of the properties he and Dilweg own jointly and will continue to have an interest in those properties. The six-year-old commercial real estate company has about $275 million of diversified real estate in its portfolio.

"The opportunities afforded me by my new position at Fuqua are tremendously rewarding on both a professional and personal level," Hemmerich said. "Obviously, I have had a long-term relationship with Duke, and I am excited by my new responsibilities at my alma mater. I am grateful for the warm support from everyone at The Dilweg Companies for my decision and am pleased that I will continue to have an ongoing relationship with the company."

Hemmerich earned three degrees from Duke: a bachelor of science degree in psychology in 1980; a J.D. from Duke Law School in 1985; and an MBA from Fuqua in 1994. He has served on Fuqua's Board of Visitors since 2002, chaired the Alumni Council 2001-2002 and chaired the Duke Children's Hospital Teddy Bear Ball in 2003.

He currently funds a scholarship at Fuqua and a speaker series at the school's new Center of Leadership and Ethics, a joint effort with Coach Mike Krzyzewski and Duke's Kenan Institute for Ethics.

Hemmerich will serve on the Dean's Cabinet along with the deputy dean and seven other associate deans, Breeden said.