Civic News
Finance / Universities

UD prez Patrick Harker tapped to run Philly Fed

He starts as CEO of the local outpost of the Federal Reserve System on July 1.

UD President Patrick T. Harker is taking on a new role at the Federal Reserve Bank of Philadelphia. (Photo courtesy of University of Delaware)

University of Delaware President Patrick T. Harker has announced he will leave his post to become president and CEO of the Federal Reserve Bank of Philadelphia on July 1.
Here’s what Gov. Jack Markell had to say about the move:

President Harker leaves UD in an outstanding position to continue as a leader in research and innovation and, most importantly, in preparing present and future classes of Blue Hens to realize their potential. From the growth of highly-skilled jobs and university activity on the STAR campus, to the instruction and cutting-edge scientific research at the new ISE Lab, to UD’s recently-launched cybersecurity initiative, President Harker’s tenure has been marked by progress in areas most important to building a stronger economy and workforce. I look forward to working with the university’s next president to build on these achievement and to continue pursuing greater educational and economic opportunities for the people of our state.

Harker took over the UD helm in 2007, after serving as dean of the University of Pennsylvania’s Wharton School.
While state leaders offered their praise this week, some UD faculty heaped scorn on Harker. Sheldon Pollack, a UD professor of business law and political science, was quoted in the News Journal as saying:
“We’re celebrating. E-mails went all around this morning saying: ‘Yippee!’ It’s cathartic. I couldn’t name a single faculty member who is sad.”

Companies: University of Delaware

Knowledge is power!

Subscribe for free today and stay up to date with news and tips you need to grow your career and connect with our vibrant tech community.

Trending just hired an entrepreneur turned public media exec to lead our newsroom

WeWork approached physical space as if it were virtual — which led to the company’s downfall

Delaware, let's celebrate: You picked these 5 winners for your 2023 Awards

The Innovation Space joins the ARPA-H Investor Catalyst Hub

Technically Media