July 13, 1999
Volume 46
Number 1

 Trustees Chairman: James Riepe

At their Stated Meeting in June the Trustees unanimously elected as the new Chairman of the Board of Trustees James S. Riepe, a Wharton alumnus who has chaired the Trustees Audit Committee and the Investment Board, and served on the board and executive committee of the Penn Health System.

Mr. Riepe became chair effective June 18, 1999, for the term ending June 30, 2000. He succeeds Dr. P. Roy Vagelos, who became an emeritus trustee at the end of a five-year term that ended in a prolonged ovation from the Trustees.

One of the leading executives in the mutual fund industry, Mr. Riepe is vice chairman of T. Rowe Price Associates, Inc., and a director of the Baltimore Equitable Society. He is a member of board of governors of the the National Association of Securities Dealers, Inc. In addition, he is a former chairman of the Board of Governors of the Investment Company Institute, the national trade association for the mutual fund industry, and currently a member of its Executive Committee. He is a trustee and past-chairman of the Board of Trustees of The Baltimore Museum of Art and past-president of the Board of Trustees of Gilman School.

Mr. Riepe earned two degrees from the Wharton School--the bachelor's in 1965 and an MBA in 1967--and has been active with both alumni classes. With his wife he founded the James and Gail Riepe Scholarship Fund in 1989 to sponsor undergraduates from the Baltimore area, and has served on the Baltimore President's Council. He has also been on the General Alumni Society Board and its Executive Committee, on the Athletic Advisory Board, and on the Alumni Council on Admissions as well as on Alumni and Mask & Wig Task Forces.



In College Hall: A Portrait of Sheldon Hackney

As the Trustees gathered for a luncheon in honor of Dr. Sheldon Hackney and his wife Lucy on June 18, they paused with the Hackneys and friends on the first floor of College Hall for the unveiling of his portrait, presented to the University by Dr. P. Roy Vagelos.

"Sheldon's example was as important as his projects," said President Judith Rodin as she accepted the portrait of Penn's 6th president, who led the University from 1980-1994 and has returned as professor of history after heading the National Endowment for the Humanities.

"By living in West Philadelphia, he and Lucy demonstrated a commitment that we are still building on today. Always a visible presence, Sheldon could be seen--and approached--by students and faculty on Locust Walk as he daily walked to and from College Hall; as he bought himself lunch in the food court at 3401; or as he endured the 'spirited' exchanges of Penn's truly unique campus discourse."

She went on to commend his creation of the West Philadelphia

Partnership, the Buy West Philadelphia program, the Center for Community Partnerships and other initiatives, as well as his academic leadership and his historian's perspective on Penn and its place in Philadelphia and in American higher education.




"Sheldon set Penn on a path to become the leading international urban research university that emphasizes its commitment to undergraduate education," she continued. "With his provosts, Tom Ehrlich and Mike Aiken, he made the undergraduate experience central to everything we do, laying the foundations for today's College House system and Penn's extraordinary success in attracting the most competitive freshman classes in its history. He launched a preeminent academic and administrative planning process, helping us all to first, 'imagine' and then 'choose' Penn's future."

Adding that "it is a rare individual who can move from an Ivy League presidency to the head of a high-profile government agency and return to the professoriate with such obvious relish and satisfaction," Dr. Rodin said the Trustees had in mind one more role for Dr. Hackney: On the afternoon's Stated Meeting agenda was a resolution to name him President Emeritus. [Click here for more on the Stated Meeting.]  

 Dr. Hackney in the Mary Whyte portrait, above,

that will hang in College Hall.


 Health System Management Changes

The School of Medicine's Dean William N. Kelley, CEO of the Penn Health System, has announced two changes in senior managment of UPHS:

Dr. David Shulkin, while continuing as chief quality officer and chief medical officer, will relinquish operational responsibilities to concentrate on developing external funding for health and disease management initiatives.

Dr. Robert Martin, longime director of Clinical Care Associates and more recently Chief Financial Officer of UPHS, has the new post of Interim Chief Operating Officer, with Peter DeAngelis, Jr. as Interim Chief Financial Officer.


Almanac, Vol. 46, No. 1, July 13, 1999