Bloomberg News

Garban, Former Chairman of Penn State Board of Trustees, Resigns

July 19, 2012

Steve Garban has resigned from the Pennsylvania State University Board of Trustees after serving for 14 years, including a stint as chairman in 2010-11 when the child sex-abuse scandal involving former assistant football coach Jerry Sandusky first became public.

Garban, who was the Senior Vice President of Finance and Operations/Treasurer Emeritus of Penn State, serves as a director of Metropolitan Life Series Fund in New York, according to the school’s website.

“I want to sincerely thank him for his many years of service to Penn State University and for the leadership he exhibited today,” board Chairwoman Karen Peetz said in a letter posted on the board’s website.

“Steve dedicated his adult life to Penn State, devoting more than 33 years of service to help make this a better institution,” Peetz said in her letter.

A report released last week by former Federal Bureau of Investigation Director Louis Freeh said the school’s top executives, including former university President Graham Spanier

and football coach Joe Paterno, concealed sexual abuse of children Sandusky to protect the school from “bad publicity.”

To contact the editor responsible for this story: Rob Gloster at rgloster@bloomberg.net


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