Penn President Amy Gutmann has accepted a three-year extension to her contract, which will now run through June 30, 2022. That would make her the longest-serving University president since the position was created in 1930. The announcement was made in a November letter from David L. Cohen L’81, chair of the Trustees of the University of Pennsylvania. The terms of the contract were not disclosed; according to the most recent publicly available University tax data, Gutmann’s total compensation for the 2014-15 fiscal year was approximately $3.3 million.
Submitting that it “would be impossible to list all of the ways that she has strengthened our University,” Cohen lauded Gutmann for her leadership in expanding undergraduate financial aid, creating 200 new endowed professorships, growing the endowment from $4 billion to $10.7 billion, and enriching the campus with “signature architectural buildings” like the Singh Center for Nanotechnology [“A Big Step for Small Science,” Nov|Dec 2013] and green spaces like Penn Park [“Penn Connected,” Nov|Dec 2011].
“We believe that extending Amy Gutmann’s tenure will allow us to continue to build on this great success,” Cohen wrote. “Her passion for Penn is boundless, and she is already keenly focused on new strategic priorities for the coming years, all aimed at making a Penn education the finest in the world.”