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About the Calloway School

History

The following is a brief history of the Wayne Calloway School of Business and Accountancy

  • 1948 / Gaines M. Rogers comes to Wake Forest College from Baylor University as Chairman of the new Department of Business Administration.

  • 1949 / The Wake Forest School of Business Administration is founded with Professor Rogers as its first Dean. The School is temporarily housed under the stage of the College Chapel on the old campus. The School offers two degrees: B.S. and B.B.A., and students are in the School for the full four years. Full-time faculty numbers approximately seven to eight at this time.

  • 1952 / The B.B.A. becomes the only degree offered by the School, and students enter the School for their junior and senior years.

  • 1954 / The School receives accreditation from the American Assembly of Collegiate Schools of Business, becoming the smallest AACSB-accredited school.

  • 1956 / Wake Forest College moves to the new campus, and the School takes up residence in Reynolda Hall. A major in secretarial studies, offered in cooperation with the Department of Education, is added (discontinued in 1964). Faculty numbers 11 to 12.

  • 1967 / Wake Forest College becomes Wake Forest University. The Reynolds family contributes $1 million in honor of Charles H. Babcock to construct a building to house the School. The School is named the Charles H. Babcock School of Business Administration, and the building, occupied in 1969, is named Babcock Hall.

  • 1968 / Gaines Rogers resigns as Dean and is replaced by Robert S. Carlson, a Harvard finance professor. Carlson establishes the Wake Forest MBA program.

  • 1970 / The School becomes the Department of Business and Accountancy within the College, offering the B.S. degree in Business and in Accountancy. Without its own Dean, the Department cannot be AACSB-accredited and voluntarily surrenders its accreditation.

  • 1980 / The Department becomes the School of Business and Accountancy, with Thomas C. Taylor as its Dean. This is done so that the Babcock Graduate School of Management could obtain AACSB accreditation (the AACSB requires that either all or none of an institution's business programs be accredited).

  • 1985 / The School receives AACSB accreditation.

  • 1991 / The Babcock School moves out of Babcock Hall into the Worrell Professional Center for Law and Management (prior to this time, Babcock Hall was shared by the School of Business and Accountancy, the Babcock School, and the Department of Mathematics and Computer Science).

  • 1992 / Thomas C. Taylor resigns as Dean of the School, and Dana J. Johnson, formerly a finance professor at Virginia Tech, becomes Dean.

  • 1994 / Two new programs are announced: The Master of Science in Accountancy (MSA), to graduate its first class in May 1997, and the B.S. in Analytical Finance, to graduate its first class in May 1996.

  • 1995 / The School is named the Wayne Calloway School of Business and Accountancy in honor of Wayne Calloway, an accounting graduate of the School, Chairman and former CEO of PepsiCo, Inc., and long-time friend of Wake Forest University. Babcock Hall is renamed Calloway Hall.

  • 1996 / A new program, the B.S. in Mathematical Business, offered in cooperation with the Department of Mathematics and Computer Science, is announced.

  • 1996 / Dana Johnson resigns to accept the position of Dean of the University of Delaware College of Business and Economics. Jack E. Wilkerson, Jr., a professor of accountancy, is named Acting Dean, and a search for a new Dean is begun.

  • 1997 / Jack E. Wilkerson, Jr. professor of accountancy, is named Dean.

  • 1999 / The new B.S. program in Information Systems is announced, to graduate its first class in May 2002.

  • 2001 / Groundbreaking takes place for the new home of the Calloway School, the F.M. Kirby Wing of Calloway Hall.

  • 2003 / The Calloway School relocates to it new home, Kirby Hall, in the Wayne Calloway Center.

  • 2008 / Steve Reinemund, former CEO of PepsiCo, is named Dean of Business. He serves as dean of the Calloway School and the Babcock School.