01/16/2009 05:12 am ET Updated May 25, 2011

Northwestern Names Morton Owen Schapiro President

Northwestern University announced today that Morton Owen Schapiro, president of Williams College in Williamstown, Mass., will become the university's 16th president.

Regarded as one of the nation's leading experts in the economics of higher education, Schapiro, 55, will succeed Henry Bienen, who will step down after 14 years as president, the university said. Schapiro will take over Sept. 1, according to the school's Web site.

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