Alicia Munnell, the founding director of the Center for Retirement Research at Boston College, will step down from her post on Dec. 31.
CRR Deputy Director Andrew Eschtruth, who has also been with the organization since its inception in 1998, will become the next director. He will be supported by a team of senior researchers, including Jean-Pierre Aubry, Anqi Chen, Laura Quinby and Gal Wettstein.
Munnell, who holds the Peter F. Drucker Chair in Management Sciences in the Carroll School of Management, is recognized as one of the nation's most influential experts on retirement income policy. She has led the CRR for more than 20 years.
Before coming to Boston College, Munnell was a member of President Bill Clinton's Council of Economic Advisers and an assistant secretary of the treasury for economic policy. Before that, she spent 20 years at the Federal Reserve Bank of Boston.
Munnell will remain with the CRR as a senior advisor, according the group's announcement.
"The success of the Center can be traced directly to the tremendous backing of Boston College, which has been with us every step of the way," Munnell said in a statement. "BC, with its commitment to both scholarship and service, is the perfect environment for policy research."
