University of Pennsylvania President Larry Jameson announced he will step down next summer when his contract expires, setting up a new presidential search to begin this fall. Penn’s Board of Trustees chair Ramanan Raghavendran said the institution will conduct the search after Jameson ends his tenure. Jameson took over as interim in 2023 during an institutional crisis and later removed the interim tag in 2025. His leadership period included intense scrutiny from lawmakers over campus antisemitism concerns, as well as a high-profile federal dispute tied to Lia Thomas’s participation on Penn’s women’s swimming and diving team. The announcement also follows last summer’s Trump administration action freezing Penn federal research funding; Penn later agreed to apologize to cisgender female competitors and other concessions before funding was restored. Penn now moves toward a transition designed to restore stability, with Jameson characterizing the departure as “the right time” to move forward under new leadership.