Posts tagged ‘John Surma’

New Leadership for the Board of Trustees

Karen Peetz took over as chair of the Board of Trustees.

Generally, the January meeting of Penn State’s Board of Trustees is a pretty straightforward affair. There’s a lot of routine business to take care of—choosing meeting dates for the next calendar year, authorizing the president to confer degrees at commencement—and even the more notable items, such as the board electing its officers, tend to be only minimally noteworthy.

Not so Friday, at the board’s first public meeting since the Sandusky scandal.

The meeting was moved from its usual location—the boardroom on the ground floor of the Nittany Lion Inn—to the larger ballroom on the first floor. We in the media got hand-stamped at the door, assuring us entrée into the post-meeting news conference. Milling around outside the inn were alumni with signs supporting “due process for Joe Paterno,” and milling around inside was a larger-than-usual number of police officers.

And although the day started slowly—at one point, the Twitter hashtag #PSUBOT was agog over the revelation that Penn State had purchased 20,000 pounds of peanut butter in anticipation of a rise in peanut prices, interesting but hardly the key news everyone was waiting for—by the end, there was plenty of news to digest:

Steve Garban ’59 stepped down as the chair of the board, and John Surma ’76—who made the announcement that Paterno and president Graham Spanier were gone—stepped down as the vice chair. (Garban and Surma will remain on the board; they simply gave up leadership positions.)

—The board elected new leaders. The chair is Karen Peetz ’77, vice chairman and CEO of financial markets and treasury services of the Bank of New York Mellon, who was elected by the board as a representative of business and industry in 2010.  The vice chair is Keith Masser ’73, chairman and CEO of Sterman Masser Inc., a family farm, and who was elected by agricultural societies in 2008. Each ran unopposed. (more…)

January 20, 2012 at 10:34 pm 7 comments

Spanier, Paterno Are Both Out

The Penn State Board of Trustees met tonight and has just made a momentous announcement:

“The Pennsylvania State University Board of Trustees and Graham Spanier have decided that, effective immediately, Dr. Spanier is no longer president of the University.

“Additionally, the board determined that it is in the best interest of the University for Joe Paterno to no longer serve as head football coach, effective immediately.

“The board has named Dr. Rodney A. Erickson, executive vice president and provost, as the interim president of the University. Tom Bradley, assistant coach, has been named interim head football coach.”

Trustees chair Steve Garban ’59 and vice-chair John Surma ’76 fielded questions at a packed news conference at the Penn Stater Conference Center tonight. The above statement is already on, where we hope more details will be available later.

Tina Hay, editor

November 9, 2011 at 11:28 pm 7 comments

Big Ten Network—Not Just Sports?

I must confess that I’ve only ever tuned in to the Big Ten Network to see Penn State football and basketball … but apparently they’ve got some non-sports programming as well. Case in point: a roundtable discussion called “The Economy and the Graduate,” which airs tomorrow (Tuesday) night at 7 p.m.

The one-hour show was taped at University Park about two weeks ago before an audience of Penn State students. It features three execs talking partly about what’s going on with the economy in the short run, and partly about advice they’d offer to students and recent grads who are job-hunting in these tough times.

All three of the panelists have Penn State connections:

—Jim Clifton, CEO of Gallup, Inc., has a daughter who attended the Smeal College of Business.

Karen Peetz ’77, senior executive VP for the Bank of New York Mellon, is a Health and Human Development grad (she was Karen Bretherick as a student).

John Surma ’76, CEO of U.S. Steel, is a Smeal College grad.

You can watch a preview of tomorrow night’s show below. (Think of it this way: If “The Economy and the Graduate” were a movie opening in theaters, this would be the trailer.)

Tina Hay, editor

May 4, 2009 at 1:14 pm Leave a comment

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