Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
PHILADELPHIA (AP) — The president of Delaware's largest university is stepping down to take the helm at the Federal Reserve Bank of Philadelphia.
University of Delaware President Patrick Harker tells students and faculty in a letter Monday that he plans to resign this summer and become the president and CEO of the Philadelphia Fed.
The 56-year-old Harker has been Delaware's president for the past eight years.
Harker previously served as the dean of the Wharton School of the University of Pennsylvania.
Harker says he has mixed emotions about the move. He calls it an "honor and privilege" to have been president.
Harker replaces Charles Plosser, who retired Sunday. He takes over at the Philadelphia Fed on July 1.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
