Penn Park at dusk

Office of the Executive Vice President

Meet the EVP

Craig R. Carnaroli, EVP

As Executive Vice President (EVP), Craig R. Carnaroli has been shaping Penn's physical campus, financial strength and operational efficiency since 2004. Reporting to President Amy Gutmann, Mr. Carnaroli is the University's most senior non-academic officer. His wide-ranging portfolio includes nine distinct business functions: audit, compliance and privacy; budget and management analysis; business services; facilities and real estate services; finance; human resources; investments; information systems and computing; and public safety.

During his tenure at Penn, Mr. Carnaroli has led a variety of initiatives to support Penn's myriad operations, including: enhancing long-term credit ratings issued by Moody's Investors Service and Standard & Poor's; increasing student financial aid; implementing a long-range plan to reduce Penn's carbon footprint; developing new housing and dining amenities; planning Penn's campus with a 30-year horizon by adding several hundred-thousand square-feet of new facilities; and overseeing neighborhood initiatives in support of community and economic development.

Mr. Carnaroli contributes to the city and region as a volunteer member of boards and committees, including: The University City District (Chair); the University City Science Center, (Chair); Philadelphia Industrial Development Corporation (Executive Committee); and The Greater Philadelphia Tourism and Marketing Corporation (Chair, Finance Committee).

Prior to being named EVP, Mr. Carnaroli served as Penn’s Vice President of Finance and Treasurer, from 2000-2004, after serving as Vice President, Municipal Securities Division, for Merrill Lynch.

Mr. Carnaroli is a 1985 graduate of Penn’s Wharton School of Business with a Bachelor of Science in Economics (cum laude), and a 1990 graduate of Stanford University's Graduate School of Business, with a Master's in Business Administration.

He and his wife Amie Thornton live in the Garden Court section of University City.