The head of Texas Tech’s business school will step down after this academic year.

Rawls College of Business Dean Allen T. McInnes plans to retire after this school year, or possibly after a new dean is appointed.

McInnes was appointed dean in 2001 following a career as an oil industry executive. He established the Rawls Career Management Center, and initiated an alumni and industry advisory council.

He also spearheaded a successful fundraising campaign to build a new building for the business school that will open to students in January of 2012.

A search committee will be named to find the Rawls College of Business dean, that will include representation from the Texas Tech Board of Regents, as well as faculty and alumni from the Rawls College of Business advisory council.