Jane Mendillo will return to Harvard Management Co. on July 1 as president and CEO to oversee the investments of Harvard University’s $34.9 billion endowment, according to a university news release. Ms. Mendillo is replacing Mohamed El-Erian, who left late last year to return to PIMCO as co-CEO and co-CIO. Ms. Mendillo will remain CIO of the $1.7 billion Wellesley College endowment through June, while the college’s president and trustees work on a search plan, said Wellesley spokeswoman Mary Ann Hill. Ms. Mendillo had worked with HMC for 15 years; she was vice president of external management when she left in 2002 to join Wellesley, where she “built the college’s first investment office,” according to the news release.
Ms. Mendillo couldn’t immediately be reached for comment.
