To the University of Delaware community

10:07 a.m., March 2, 2015--University of Delaware President Patrick T. Harker sent the following message this morning to the University community. 

March 2, 2015

To the members of the University of Delaware community:

With mixed emotions, I write to tell you I will be stepping down as president of the University of Delaware to become president and chief executive officer of the Federal Reserve Bank of Philadelphia, effective July 1.

It has been an honor and a privilege to serve as president of this University. Working with our motivated students, illustrious faculty and dedicated staff has been inspiring, invigorating and unforgettable.  

Together we have accomplished much over the past eight years: facing challenges, crafting solutions, maximizing opportunities and ensuring the future of this noble institution. 

With your expertise and commitment, we have enhanced our outstanding reputation and expanded UD's contributions to the state, the nation and the world. These achievements position us well in the increasingly challenging world of higher education. 

Over the next four months, I will work closely with our Board of Trustees and our dedicated administrative team to ensure smooth transition in leadership. 

While I am excited about my new role with the Philadelphia Fed, I will miss working on this beautiful campus with the best students and the most dedicated faculty and staff in American higher education. 

With respect and gratitude always,

Patrick T. Harker

President