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Mr. Carnaroli came to Penn from Merrill Lynch in 2000, serving first as vice president for finance and then
senior vice president for finance and treasurer. He is a 1985 Penn alumnus with a B.S. in economics cum laude from the Wharton School.
He received an M.B.A. from Stanford University Graduate School of Business.
During his tenure at Penn, Mr. Carnaroli played an important role in the Health System's financial
turnaround, which has resulted in an improved outlook issued by Moody's Investors Service for both
the University and the Health System. Further evidence of his financial leadership is the recent
upgrade of the University's long-term credit rating to Aa3.
Mr. Carnaroli welcomes your ideas, feedback and
opinions. Please feel free to contact him by
visiting the "Ask
the EVP" page.
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Craig Carnaroli,
Executive Vice President
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