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Bergsten to leave Peterson Institute position

C. Fred Bergsten

C. Fred Bergsten
C. Fred Bergsten, founding director of the Peterson Institute for International Economics since its creation in 1981, announced today he will step down from that position at the end of this year.

James W. Owens, chairman of the institute’s executive committee and former chairman and CEO of Caterpillar, Inc., said the board hopes to name a new director by the middle of this year and to complete the transition to the new leadership by the end of 2012.

Before founding the institute, Bergsten was Treasury assistant secretary for international affairs from 1977 to 1981 and functioned as undersecretary for monetary affairs in 1980 and 1981.