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Susan Hockfield to Step Down

Susan Hockfield, the first female president of Massachusetts Institute of Technology, will be leaving her post once a successor has been found, reports Bloomberg. Hockfield has led the school since December 2004, and nearly $3 billion has been raised for the school under her leadership. Previously, Hockfield was a provost at Yale, and before that she worked as a biologist at Cold Spring Harbor Laboratory in New York. "The momentum of all that we have accomplished has tempted me to stay on to see our many efforts bear their full fruit. But to support our ambitious goals for the future, MIT has begun the crucial work of planning for a significant new fundraising campaign," Hockfield says in a statement. "I have concluded that it would be best for the Institute to begin this next chapter with new leadership."