"Harvard Corporation Welcomes Kenneth Frazier and Joseph Bae Amid Presidential Search"
Kenneth Frazier, former CEO of Merck & Co., and private equity billionaire Joseph Y. Bae will join Harvard Corporation, the University’s highest governing body, ahead of the presidential search. Their appointments come amid scrutiny over the handling of the University’s leadership crisis. Frazier and Bae will each serve for a six-year term, with the possibility of extending for a second term, and their election paves the way for the Corporation to announce a presidential search committee to select former President Claudine Gay’s permanent successor.