Patrick T. Harker, currently president of the University of Delaware and a member of the Philadelphia Fed's board of directors, has been named the 11th president and chief executive officer of the Philadelphia Fed, effective July 1, 2015. He is also a professor of business administration in the university's Alfred Lerner College of Business and Economics and a professor of civil and environmental engineering in the university's College of Engineering. Prior to that, he was the dean of the Wharton School of the University of Pennsylvania and the Reliance Professor of Management and Private Enterprise. Before his appointment as dean in 2000, he was an interim dean and deputy dean, and he also acted as chair of the operations and information management department at Wharton.
Harker is on the board of directors of Pepco Holdings Inc., as well as the Huntsman Corp., and is a founding member of the board of advisors for Decision Lens, Inc. He is a member of the Regional Leadership Initiative Steering Committee at the Council on Competitiveness and a member of the Select Operating Committee of Select Greater Philadelphia.
Harker also served as a White House Fellow in 1991, and he served from 1991-1992 as a special assistant to FBI Director William S. Sessions. He was named a Fellow of the Institute for Operations Research and the Management Sciences (INFORMS) in October 2012 and a Charter Fellow of the National Academy of Inventors in December 2012.
Harker has a Ph.D. in civil and urban engineering, a master's degree in economics, and an M.S.E. and B.S.E. in civil engineering from the University of Pennsylvania.