Penn Park at dusk

Office of the Executive Vice President

Meet the Senior EVP

Craig R. Carnaroli, EVP

As Senior Executive Vice President (SEVP), Craig R. Carnaroli has been shaping Penn's physical campus, financial strength and operational efficiency since 2004. Reporting to President Liz Magill, Mr. Carnaroli is the University's chief financial and administrative officer. His wide-ranging portfolio includes nine distinct business functions: audit, compliance and privacy; budget planning and 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 the University’s long-term credit ratings; 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, including: The University City District (Chair); the University City Science Center (Vice Chair); Philadelphia Industrial Development Corporation (Executive Committee); and The Greater Philadelphia Chamber of Commerce (CEO Council for Growth).

Prior to being named SEVP in June 2021, Mr. Carnaroli served as Penn’s Executive Vice President from 2004 to 2021 and as Vice President of Finance and Treasurer, from 2000-2004, after serving as Director, 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.