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New York Mayor and Bloomberg LP founder Michael Bloomberg will speak at this year's Commencement ceremony, according to a University press release.

Penn's 252nd Commencement will be held on May 19 at Franklin Field.

Bloomberg is now serving his second term as mayor and is credited with reducing crime and creating jobs in New York.

"We are honored that Mayor Bloomberg has agreed to speak at Penn's 252nd Commencement," University President Amy Gutmann said in the press release. "His remarkable achievements as a highly successful entrepreneur, noted philanthropist and tireless public servant stand, in the tradition of Penn's founder Ben Franklin, as an inspiration to us all."

Honorary degree recipients include Paquito D'Rivera, Drew Gilpin Faust, Lila R. Gleitman, Bert W. O'Malley, Cyril Ramaphosa and Neil deGrasse Tyson.

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