Nearly two decades after he graduated from the Business School, Mike McCaffery is returning to Stanford to put what he's learned to work.
McCaffery, MBA '82, chairman of the board of the investment banking firm Robertson Stephens, was selected in March as Stanford Management Company's new CEO. The company oversees $8 billion in assets and manages the University's real estate holdings. McCaffery will start in September, replacing Laurance Hoagland, '58, who led the endowment to an 18 percent annual return during his nine-year tenure.
McCaffery, 46, earned his undergraduate degree from Princeton University and was a Rhodes Scholar, before coming to Stanford for business school.
McCaffery landed the job because of his more than 20-year record of success as an investment banker, says John Scully, MBA '68, a member of the management company's board who chaired the search committee. "[He] inherits an organization that has been producing exceptional results," Scully says. "The search committee has great confidence in Mike's ability to sustain that momentum and take full advantage of the new investment opportunities that will undoubtedly evolve in the coming years."
