February 21, 2024 Breaking News, Latest News, and Videos

Michael Rich Named President/ CEO Of Santa Monica-Based RAND Corporation:

Michael D. Rich has been selected as the next president and chief executive officer of the nonprofit and nonpartisan research institution Rand Corporation, which is based in Santa Monica.

Rich will step into the position on Nov. 1 after being a member of the RAND Corporation’s senior leadership team for two decades, becoming the fifth president and CEO of the research institution.

He succeeds James A. Thomson, who has led RAND since 1989 and announced his decision to step down in April 2011.

As the institution’s executive vice president, Rich has worked closely with Thomson to oversee RAND’s eight domestic and national security research units, its international research ventures, including the organization’s RAND Europe subsidiary, the Pardee RAND Graduate School, and RAND’s operations encompassing 11 offices, 1,700 associates and an annual budget of approximately $250 million.

Rich’s selection by the Board of Trustees followed a search process led by Kaminski and a special committee of trustees, with the support of the executive search firm Spencer Stuart.

Looking ahead to his new role, Rich said that he takes on leadership of an organization with the opportunity to have a major impact on decision making in the United States and around the world.

“Jim Thomson set an ambitious course for RAND and leaves the organization greater in terms of its geographic and substantive scope, and the impact that RAND analysis has upon decisionmaking at all levels of government and in the private and philanthropic sectors,” Rich said.

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