Watch CBS News

Penn State University Takes First Steps In Scandal Reform

By Oren Liebermann

STATE COLLEGE, Pa. (AP) -- A banking executive has been selected to guide Penn State's Board of Trustees through the aftermath of the Jerry Sandusky scandal.

Trustees elected Karen Peetz as president of the 32-member board. Peetz is a vice chairman of The Bank of New York Mellon.

Peetz says the board will focus on themes of change, reform and transparency.

The trustees also elected farm owner Keith Masser as the vice chair.

They're replacing Steve Garban and John Surma, respectively, as trustee leaders.

Garban and Surma decided not to run again. They and other trustees have been criticized by some alumni and former players for their actions after former assistant football coach Sandusky was charged with dozens of counts of child sex abuse last November.

Peetz says that "all of us, including the board, with the wisdom of hindsight could have done things differently."

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.