Karen B. Peetz was elected chair of the board of trustees of Pennsylvania State University. The new post places Peetz in the proverbial hot seat as Penn State continues to deal with the sexual abuse scandal surrounding its football program. This week the Penn State faculty considered, but rejected, a no confidence resolution directed at the board of trustees.
Peetz is vice chair and CEO of The Bank of New York Mellon where she is responsible for the financial markets and treasury services group. She oversees 17,000 employees in 76 cities.
Peetz is a graduate of Penn State and holds a master’s degree from Johns Hopkins University. She is also chair of United Way of New York City.