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Coverage of Trustees’ June Stated Meeting

The University Trustees meetings were held at the Union League last month, with committees gathering on June 20 and the stated meeting of the board was on the following day.

A Memorial Resolution for Robert L. Trescher, W;’34, L’37, H’82 noted among other things that the "proudly named Trescher Entrance leading into the Museum’s new courtyard symbolizes that institution’s enormous debt to one man’s vision and commitment."

Saul P. Steinberg, W’59, was honored with a Resolution of Appreciation and designated as an Emeritus Trustee.

Resolutions of Appreciation were also passed for six other long-time trustees: Judith Roth Berkowitz, CW ’64 and chair of last year’s Celebration of 125 Years of Women at Penn; Dr. Stanley N. Cohen, M’60, H’95; Charles D. Dickey, Jr. H ’88; G. Morris Dorrance, Jr., C’49, WG’51; Carl K. Kaysen, C’40, H’76; Jacqueline G. Wexler, H’79.

James S. Riepe was reelected as chair of the board for another one-year term. Jon M Huntsman, Sr., Natalie I. Koether, and Michael L. Tarnopol were reelected as vice-chairs of the board.

The following trustees were elected members of the Executive Committee for one-year terms: Madlyn K. Abramson, Christopher H. Browne, Gilbert F. Casellas, Susan W. Catherwood, J. John Clark, David L. Cohen, Jon M. Huntsman, Sr, Paul K. Kelly, Natalie I. Koether, William L. Mack, James S. Riepe, Leonard A. Shapiro, Alvin V. Shoemaker, Michael L. Tarnopol, and George A. Weiss.

Christopher H. Browne, Howard S. Marks, Edward Mathias, Paul F. Miller, Jr., David M Silfen and Mark Winkelman were elected members of the Investment Board.

Paul K. Kelly, C’62, WG’64, and Carolyn H. Lynch, PT’68, were reappointed for their second term as Term Trustees.

President Judith Rodin presented resolutions of appreciation for Virginia Clark who is heading to the Smithsonian Institution; John Fry who is Franklin & Marshall’s new president; and James O’Donnell who becomes Georgetown University’s provost.

Lori N. Doyle was appointed Vice President for Communications, responsible for developing and implementing a strategic communications plan designed to enhance Penn’s position and differentiate it from its peers.

EVP John Fry presented his last financial report, for the period July 1, 2001 to April 30, 2002. He noted that total net assets increased $162.2 million; with an increase in net assets from operations totaling $68.5 million.

Dean Arthur Rubenstein reported that the School of Medicine is moving ahead with its strategic plan and its finances are stable in spite of the challenging external environment. Craig R. Carnaroli, as VP for Finance and Treasurer, was appointed as an ex officio member of the Penn Med Executive Committee. The Trustees also approved the renaming of the Cancer Center (see page 1).

A new graduate degree program in Public Health Studies that will offer the Master of Public Health degree will be established within the School of Medicine. The program was planned by an interschool committee; their intention is that it function as a university-wide program.

The Trustees approved the closure of the Department of Molecular and Cellular Engineering in the School of Medicine effective July 1, 2002. Present faculty members will join other departments.

The academic oversight for the master’s degree program in historic preservation will be transferred from the Graduate Council of the Faculties to GSFA since the goals of the program are to prepare practitioners rather than scholars.

Dean Lee Stetson reported on the Admissions statistics. He said that the applicant pool was close to 19,000 students with an all-time high yield of 62%.

Audit and Compliance Chair Paul Kelly proudly noted that their committee meeting was "uneventful"–a reassuring comment in the post-Enron era.

On the other hand, Budget and Finance Chair John Clark said his committee’s meetings were "eventful" as they reviewed presentations on cash flow and debt plans. He then presented numerous resolutions including the ones authorizing the FY 2003 operating budget for the University totaling $3.544 billion; the capital plan for FY 2003 which represents estimated project costs of $149.7 million, as well as the operating budget and capital budget for UPHS.

New overseers were appointed to the various boards of overseers.

Almanac, Vol. 49, No. 1, July 16, 2002


July 16, 2002
Volume 49 Number 1

Dr. Marvin Lazerson gets a new Endowed Chair in Education.
The annual GSE Awards are presented.
The Penn Cancer Center is renamed.
The Faculty Senate's Slate of nominees for the Senate Executive Committee.
PPSA's 2002-2003 Board has been elected.
The A-3 Assembly's officers invite all A-3 employees to a July meeting.
The Trustees held their full board meetings last month.
The report of the Council Committee on Facilities deals with classrooms, Campus Development Plan, and Transportation.
Graduate Medical Education has a new director.
Speaking Out about the future of the BioPond and protecting personal privacy.
Honors for faculty, staff, students, and HUP
Research Foundation Awards for Spring 2002.
Research Roundup: Sumerian Dictionary, Smallpox, Alzheimer's Disease, and Schizophrenia.
New challenges, more efforts to conserve energy and control energy costs.
Business Services: Parking Rates; Children's Center; Mail Service; Dining Services; Customized Penn merchandise; Directory Update; Computer Connection.
New Security Measures for Penn's Networked Systems will require replacing PennNet ID and password PennKeys and passwords.