Professor Peter Tufano has been appointed as the new Peter Moores Dean at Oxford University's Saїd Business School.

Prof Tufano, currently based at Harvard Business School in the United States, will succeed the current dean, Prof Colin Mayer, when he takes up the post on July 1 2011.

He said: “The School has been extraordinarily successful since it was established in 1996. I am greatly looking forward to building upon this success, working with my new colleagues at the School and in the broader university to produce powerful ideas and outstanding graduates to strengthen both business and society.”

Vice chancellor Prof Andrew Hamilton said: “Peter has an outstanding academic reputation and a strong record of forging collaborations within a world-class university and beyond.”

Prof Mayer will remain with the business school as part of the finance faculty. Upon completing his term, he will have two years sabbatical during which he will continue his research interests, but then will return to teaching at the School.