About the EVP
Craig R. Carnaroli has served as Executive Vice President of Penn since 2004, reporting to the President as the University’s most senior non-academic officer, with a wide ranging portfolio including 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.
As Executive Vice President Mr. Carnaroli has played a key role in shaping Penn’s physical campus, financial strength and operational efficiency. As Co-Chair of the Campus Planning Committee, Mr. Carnaroli led the development of the award winning Penn Connects – A Vision for the Future. This 30-year campus development plan lays out a vision for growth and development that includes new buildings and grounds to support the teaching and research mission, and enhancing the quality of life for the campus and community. The center piece of the plan is the expansion eastward towards Center City on industrial land once owned by the United State Post Office Mr. Carnaroli played a key role in bringing the transaction to fruition in 2007.
During his tenure at Penn, Mr. Carnaroli’s financial leadership has resulted in the improved outlook and long-term credit ratings issued by Moody's Investors Service and Standard and Poor’s.
Mr. Carnaroli contributes significant time as a member of boards and committees in Philadelphia including the University City District (Chair), the University City Science Center, Philadelphia Industrial Development Corporation, The Schuylkill River Development Corporation, and The Connelly Foundation.
Mr. Carnaroli joined Penn in 2000 as Vice President and Treasurer, after serving as Vice President, Municipal Securities Division of Merrill Lynch. He is a 1985 graduate of Penn’s Wharton School with a Bachelor of Science in economics (cum laude). In 1990, he received a Masters in Business Administration from Stanford University Graduate School of Business.
Mr. Carnaroli and his wife, Amie Thornton, live in the Garden Court section of University City.