"I could not be prouder or more excited to join this vibrant community of outstanding faculty, staff, students, and alumni throughout the commonwealth and beyond."
Bendapudi will be both the first woman and person of color to hold the university's highest office.
Penn State's Board of Trustees will meet on Thursday, December 9, to potentially appoint the university's next president.
Embarrassing nights and poor decisions make us stronger. More importantly, they make for some hilarious stories to share with friends.
The university raised more than $1.25 million through more than 10,500 gifts. With 8,600 Penn Staters participating, the event set records for the largest fundraising total and largest volume of participation.
Penn State was recently ranked No. 21 among the nation's top schools for undergraduate entrepreneurship, according to The Princeton Review.