Members of the University Presidential Search and Screen Committee are expected to be named by early January.Current University President Rodney Erickson announced he would retire on June 30, 2014, or before, if the search is successfully concluded before that date. For more information on ongoing efforts and actions of the University, visit progress.psu.edu online. For more information on the Board of Trustees, including agendas, meeting minutes and other information, visit www.psu.edu/trustees. About The Pennsylvania State University The Pennsylvania State University is a state-related, land-grant university located in the Commonwealth of Pennsylvania . Founded in 1855 as an agricultural college, Penn State received university status in 1953. Penn State has 24 campuses throughout Pennsylvania , including undergraduate locations as well as special-mission campuses such as the College of Medicine in Hershey and the Penn State Law School. The Penn State World Campus is the University's online distance education component. In total, Penn State serves more than 95,000 students. The University awards more associate, bachelor's and graduate degrees than any other institution in the Commonwealth, and has a research enterprise in excess of $800 million . Its mission is to improve the lives of the people of Pennsylvania , the nation and the world through integrated, high-quality programs in teaching, research and service.