Bruce Harreld, a former Harvard Business School faculty member and corporate executive who helped save a foundering IBM in the 1990s, will become the 21st president of the University of Iowa.

The Board of Regents, State of Iowa, announced Harreld, 64, as its unanimous selection Sept. 3 to replace Sally Mason, who retired Aug. 1 after serving eight years as president. Harreld will take office Nov. 2.

Read the official announcement.