Thursday, May 28, 2015

Penn boss Gutmann renews contract til 2019

Says chairman David Cohen

Penn boss Gutmann renews contract til 2019

University of Pennsylvania president Amy Gutmann has agreed to extend her contract, which runs through 2014, for five more years. Running a big Ivy League research institution, Gutmann is already in the million-dollar-a-year college presidents' club; terms of her extension were not immediately disclosed. She's worth every dollar, writes Penn trustee chairman David L. Cohen, the Comcast executive, in a message to "the Penn Community":

I am very pleased to share with you the wonderful news that President Gutmann has agreed to accept a five-year extension to her contract. This will ensure that she will continue to lead our University to at least June 30, 2019.

This is the very positive result of conversations that began several months ago and will be ratified at the meeting of the Penn Trustee Board on June 15th.

Like so many who are part of the Penn community, I firmly believe that Dr. Gutmann is the best university president in the country...

As Penn’s President, Dr. Gutmann has (expanded) Penn’s stellar faculty by attracting world-renowned scholars, adding over 100 new named professorships including 14 Penn Integrates Knowledge professors jointly appointed between two schools...

Dr. Gutmann inaugurated Penn’s no-loan undergraduate financial aid program, which has greatly expanded access to a Penn education and become a model for other universities.

She has led one of the most successful fundraising campaigns in higher education history, with Making History: The Campaign for Penn attaining its $3.5 billion goal 16 months ahead of schedule and securing the largest single gift in Penn history – $225 million from philanthropists Ray and Ruth Perelman...

As one of the nation’s research powerhouses, Penn’s sponsored research funding has grown 23 percent to nearly $940 million annually.

Through the Penn Connects master plan, Dr. Gutmann has overseen a strategic and dynamic renewal of Penn’s campus, adding 47 acres– including the spectacular Penn Park and the purchase of the former DuPont Marshall Lab property – and completing nearly four million square feet of capital projects... 

By any definition, Amy Gutmann has done a superb job... Being able to keep President Gutmann at the helm for another seven years is a huge win for our University.

About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at,, 215.854.5194 or 302.652.2004.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano