Garban and Surma Step Down

In today’s meeting of the Penn State Board of Trustees, chairman Steve Garban and vice chairman John Surma stepped down from their leadership posts, although both remain at-large members of the BOT. The board immediately selected Karen Peetz, current board member and vice chairman of BNY Mellon, as president.

“The first thing I want to say to the entire Penn State community is that we have been through a very difficult experience together. We have tried to do the right thing,” Peetz said. “All of us, including the board, with the wisdom of hindsight could have done things differently.”

Read more in ESPN.com.