Penn President Amy Gutmann gets contract extension

University of Pennsylvania president Amy Gutmann will spend the next several years at the helm of the Ivy League school.

Trustees announced Tuesday that Gutmann is getting a five-year contract extension.

Officials cited increased alumni engagement and student diversity under Gutmann’s leadership. They also praised the creation of Penn’s no-loan undergraduate financial aid program.

 

In addition, Gutmann successfully led a $3.5 billion fundraising campaign. She also helped secure the largest single gift in Penn history, a $225 million donation for its medical school.

Gutmann came to Philadelphia in 2004 after serving as provost of Princeton University. Her current contract ends in 2014.

The extension through June 2019 would make her the second-longest serving president in Penn’s modern history. The extension will be ratified at a June 15 trustees meeting.