Duke University's Fuqua School of Business has tapped deputy dean William Boulding, right, to be its new top executive for the next two years.

Boulding replaces Blair Sheppard, who has served as Fuqua's dean since 2007. Sheppard will step down Aug. 1 to oversee fundraising and business development for Duke Kunshan University, the school's massive new campus in China, which is scheduled to open in Fall 2012.

Sheppard will continue to teach in Fuqua’s Global Executive MBA program and to serve as chairman of Duke CE, the corporate education venture he created and led as CEO for seven years before his appointment as dean.