Penn State Board of Trustees Elect New Chairman and Vice Chair, Approve Projects
Karen Peetz was not at the press conference on Friday following the Penn State Board of Trustees' meeting.
Her tenure as chairwoman came to an official close when Keith Masser was elected chairman of the board. Stephanie Deviney, whose spot on the board is up for re-election this year, was elected vice chairwoman. Both ran unopposed.
Peetz announced in December that she would not seek re-election after being named the president of BNY Mellon.
Masser, as a Penn State alum and father to two Penn State alumni, said he knows "firsthand, the value of a Penn State education," and prioritizes making Penn State more affordable for students.
"I also know, as I look around this room, that my story is not unique or from a time gone by. Today, there are tens of thousands of students in Pennsylvania and beyond, who need the same chance to better circumstances through higher education," Masser said.
Masser was elected to the board by delegates from agricultural sciences in 2008, according to Penn State. He is the chairman and CEO of Sterman Masser Inc., a family owned and operated 5,000 acre potato growing, packing and shipping company based in Central Pennsylvania.
Deviney is a partner at Fox Rothschild LLP in Exton, Pa. and graduated from Penn State's Dickinson School of Law.
David Gray was elected treasurer, Paula Ammerman was elected associate secretary and Penn State President Rodney Erickson is ex-officio secretary of the board.
Carmella Mulroy-Degenhart and Wendy Peck were elected assistant secretaries and Deborah Meder and Susan Wiedemer were elected assistant treasurers.
Prior to the election, the board approved action items that were discussed during Thursday's committee meetings. The $26.1 million student-funded Intramural Building renovation and expansion was approved.
There will be $112 per semester extracted from students' tuition via the Student Activity Fee to fund the project.
The committee on Finance, Business and Capital Planning detailed the project during their public meeting Thursday. The project will include significant improvements to the IM Building, which was built in 1975.
More details are available from Thursday's coverage.
Construction and renovation will begin in February and is expected to be completed by May 2014, according to Penn State.
More information on projects given the green light at Commonwealth Campuses can be found on Penn State Live.
When the meeting began around 1:30 p.m. at the Penn Stater Conference Center and Hotel, Peetz named members of the Penn State community lost in the past year. Included in that list were J. Lloyd Huck, a retired chairman of the board of trustees and of Merck & Co., former Penn State football coach Joe Paterno and Mack Brady, the nine-year-old son of Christian and Elizabeth Brady.
Christian Brady is the dean of the Schreyer Honors College at Penn State. After remarks made by Erickson, Brady tweeted from @shcdean: "We cannot thank President Erickson and Chair Peetz enough for supporting us and honoring Mack today. The #PSU community is amazing."