Schacht Retiring from School of Business

May 17, 2018


Dr. Otto B. Schacht with Deborah and Gary Zacher
Dr. Otto B. Schacht (center) greets people as they gather for a retirement reception in his honor Wednesday afternoon at Wayland Baptist University

PLAINVIEW – A large contingent of friends, family and colleagues gathered for Dr. Otto B. Schacht’s retirement reception Wednesday afternoon at Wayland Baptist University.

Schacht taught in the School of Business at Wayland for nearly 20 years. Schacht isn’t quite sure what to expect in retirement, but he has heard some rumors on what will be the best part of not having a set schedule.

“I’m not retired yet,” he said, “but this is based totally on what I have heard from other people – Monday morning. What that means, I don’t know? But I’m waiting for it.”

Wayland President Dr. Bobby Hall couldn’t attend in person, but sent a video message congratulating the longtime educator and wishing him well in retirement. Schacht’s colleagues offered a few memories of working with him, including knowing that a meeting was always about to come to an end once he would open the catalogue and start reading verbatim descriptions on how certain questions should be anwered.

Schacht started at Wayland in January 1999. He served as Chairman/Dean of the School of Business from 2001 to 2014. Under his leadership the school grew in number of degrees offered and enrollment. He was also instrumental is establishing the Doctor of Management program that began in 2015. Schacht stepped down as Dean of the school with the desire to return to the classroom fulltime, wanting to end his career at Wayland the way he began.

Schacht’s career spanned more than just the classroom. After completing his undergraduate degree at Texas Tech University, Schacht entered military service in March 1971 were he served as a minute man missile technician for the 351st Strategic Missile Wing at Wideman Air Force Base in Missouri. Schacht completed his active military duty in March of 1975.

While in the service, Schacht completed his master’s degree at Central Missouri State and in the fall of 1975 he entered the doctoral program at Texas A&M University. Upon completing his Ph.D. in 1978, Schacht returned to Texas Tech University as an assistant professor of agricultural engineering. In 1983 he moved to South Plains College where he served as an assistant professor of agribusiness as well as being chairman of the science department and dean of the arts and sciences division. He stayed at South Plains College until moving to Wayland in 1999.

Schacht hopes to continue teaching an online course on a regular basis – something he never thought he would do when reminiscing about his nearly 20 years in the classroom.

“I never thought I’d teach online, but sure enough, I am,” he said. “That probably, to me, has allowed us to touch more students in more unique places than we ever could have having stayed just brick and mortar.”

Schacht said he will definitely miss seeing students every day, but his retirement plans are simple.

“… spoil one grandson,” he said.