Who's who On Campus: Trustees keep U. on track

A quick guide to the names in the news The Trustees have the finals say on all matters of University policy, from the lowliest faculty hiring to the selection of Penn's president to the construction of multimillion-dollar retail projects. Trustees -- most of whom serve set five-year terms, while others are elected for life -- meet three times annually. The Board is headed by Charter Trustee Roy Vagelos, a 1950 College graduate and former chief executive officer of the New Jersey-based pharmaceutical giant Merck and Co. Vagelos took the helm of the Trustees in 1994 but will be replaced this summer, shortly before he reaches the mandatory retirement age of 70, at which time he will become an Emeritus Trustee. Like many other Trustees, Vagelos has been heavily involved in University fundraising -- especially for financial aid -- over the last several years. Vagelos and his wife have also been very generous donors to Penn, donating $10 million toward the construction of the Roy and Diana Vagelos Laboratories in Penn's Institute for Advanced Science and Technology and an equal sum to the creation of a Vagelos Scholars program in the molecular life sciences. Other notable members of the Board include Andrea Mitchell, the chief foreign-affairs correspondent for NBC News; controversial financier Ronald Perelman; Estee Lauder Chief Executive Officer Leonard Lauder; casino mogul Stephen Wynn; philanthropist Walter Annenberg, who has donated more than $170 million to the University over the years; and Marjorie Rendell, a judge on the United States Court of Appeals and wife of Philadelphia Mayor Ed Rendell.