KAIST College of Business announced that it appointed Professor Byungtae Lee as its new Dean as of 26, October 2011. Since his joining at KAIST College of Business in June 2001, he has served as various positions such as Associate Dean of Academic Programs, Dean of Graduate School of Management, Ph.D. Director and so on. Professor Byungtae Lee had been the Interim Dean of College of Business since the retirement of former dean Ravi Kumar in August this year. KAIST full time MBA program ranked the top 100 MBA in the world by the Financial Times in 2011, and the new Dean pledges to make KAIST College of Business School to be the globally recognized prestigious MBA School.