Teele Will Leave, Resigns Position

Stanley F. Teele, Dean of the Graduate School of Business Administration, has resigned his position for reasons of health after an extended illness last fall. George P. Baker, James J. Hill Professor of Transportation, will replace Teele and direct the Business School as Acting Dean.

Referring to the resignation, President Pusey said, "It is quite understandable that, in view of his recent illness, Dean Teele should wish to relinquish the arduous and unremitting pressures of the office he as so ably filled for the past seven years." Pusey added "His impending departure from the University gives us a sense of deep loss, yet, we sympathize fully with his decision."

Ending a period spanning 30 years on the faculty, Teele will become an officer in the Putnam Management Co. of Boston, managers of the George Putnam Fund and the Putnam Growth Fund. He is at present President of the Harvard Cooperative Society and a director of the Harvard University Press.