To: Wharton School Faculty, Students, and Staff

From: Amy Gutmann and Ron Daniels

Date: Friday, December 1, 2006

We are writing to let you know that Patrick Harker, Dean of the Wharton School, has been named President of the University of Delaware. He will assume his new position July 1, 2007.

Patrick has been an outstanding leader for Wharton, and as we congratulate him on this exciting new opportunity and wish him well, we also know his departure will be a great loss for Penn. In his seven years as Dean, Patrick has propelled the School forward with extraordinary energy and creativity.

Patrick