The Trustees met last Thursday and Friday, preceding the grand opening and ribbon-cutting at the Pennovation Center Friday afternoon. At the Stated Meeting, Penn President Amy Gutmann, noted that Inga Saffron, Philadelphia Inquirer architecture critic, wrote that “Pennovation announces the future.”

Provost Vincent Price noted that this year is the tenth anniversary of the Platt Student Performing Arts House, a hub of creative exploration made possible by the generosity of Marc Platt, C’79, and his wife, Trustee Student Life committee member Julie Beren Platt, C’79, chair emerita (Almanac September 20, 2005).

The Trustees amended a May 12, 1977 resolution regarding the use of the emeritus title by faculty; now “members of the standing faculty who are associate or full professors shall be designated ‘…emeritus’ automatically upon retirement, but may elect not to use the title; president, provosts, deans of faculties and secretaries of the corporation who retire from office after having served with distinction for a substantial number of years, may at the time of their retirement from the University, be designated ‘…emeritus’ upon recommendation by the appropriate officer or officers and confirmation by the trustees.”

Another resolution amended the statutes of the Trustees, no longer including senior investigator or investigator within the category of academic support staff.

A Master of Health Care Innovation in the Perelman School of Medicine and a Master of Behavioral and Decision Sciences in SAS will be established, having been approved by the Board.

Trustee Chair David L. Cohen presented memorial resolutions for Trustees who have passed away this year: Robert S. Blank who died April 30 (Almanac May 10, 2016); Jerome Fisher who died June 23 (Almanac July 12, 2016); Jay S. Fishman who died August 19 (Almanac August 30, 2016) and Raymond H. Welsh who died February 15 (Almanac February 23, 2016).

The Trustees also passed a resolution of appreciation for Jon M. Huntsman, Jr. and a resolution of appreciation for Egbert L. J. Perry and designation as an emeritus trustee.

Osagie O. Imasogie, Ann Reese, Robert M. Stavis and Theodore E. Schlein were elected as term trustees; Claire Lomax and Marc F. McMorris were elected as charter trustees.

The purchase of a 7T magnetom imaging system to replace one that no longer works was approved ($7,796,700).

EVP Craig Carnaroli reported on the first three months of the fiscal year: total net assets were $14.9 billion as of September 30 for the Consolidated University, an increase of $847 million over the prior September, largely driven by strong investment and operating performance.

Several appointments to various boards were approved: David P. Montgomery as an emeritus member of the Board of Overseers of the Annenberg Center for the Performing Arts; Rajeev Amara and Jeffrey S. McKibben to the Board of Overseers of the Graduate School of Education; Ann R. Klee to the Board of Overseers of the Law School; Erik Moreno and Barry A. Porter to the Board of Overseers of the School of Social Policy & Practice and David Ertel and Brian D. Schwartz as vice chairs of the Board of SP2; Alex Gorsky to the Board of Overseers of the Wharton School, and reappointments: Francis H. Abbott, Jr., as a term member of the Penn Medicine Board and Madlyn K. Abramson, Walter J. Gamble, Rosemary L. Mazanet, and Raymond G. Perelman as charter members of the Penn Medicine Board.