The President of Harvard University is the chief administrator of the university and the ex officio chairman of the Harvard Corporation. Each is appointed by and is responsible to the other members of that body, who delegate to him or her the day-to-day running of the university.
Harvard is a famously decentralized university, noted for the "every tub on its own bottom" independence of its various constituent faculties. They set their own academic standards and manage their own budgets. The president, however, plays an important part in university-wide planning and strategy. Each names a faculty's dean (and, since the foundation of the office in 1994, the university's provost), and grants tenure to recommended professors; however, he or she is expected to make such decisions after extensive consultation with faculty members.
Harvard presidents have traditionally influenced educational practices nationwide. Charles W. Eliot, for example, originated America's familiar system of a smorgasbord of elective courses available to each student;James B. Conant worked to introduce standardized testing; Derek Bok and Neil L. Rudenstine argued for the continued importance of diversity in higher education.
Recently, however, the job has become increasingly administrative, especially as fund-raising campaigns have taken on central importance in large institutions such as Harvard. Some have criticized this trend to the extent it has prevented the president from focusing on substantive issues in higher education.
Each president is a qualified academic professor in some department of the university and teaches courses on occasion.
Harvard's current president is Drew Gilpin Faust, formerly the dean of Harvard's Radcliffe Institute for Advanced Study. In June 2017 Faust announced that she will step down in 2018.