Meet Harvard's new president: Lawrence Bacow

• Harvard is also currently under investigation by the Justice Department for is use of race in their admissions process following a civil lawsuit alleging the university limits the number of Asian students admitted each year.

The New York Times writes that the decision "was greeted a safe, mainstream choice" as Bacow's reputation as a manager and institutional leader "reflects Harvard’s need for a steady hand at a time when the university must navigate the difficulties of dealing with the Trump administration’s antagonism toward elite universities like Harvard with large endowments."

William F. Lee, senior fellow of the Harvard Corporation and the chairman of the search committee, said in a statement Sunday:

“It's a time when the singular value of higher education and university research has too often been challenged and called into doubt. Such a time calls for skillful leadership, strategic thinking and disciplined execution. Larry will provide just that.”