Harvard’s Top Governing Board Picks KKR’s Bae, Ex-Merck CEO (1)

Harvard University named two top business executives to its governing board at a time of intense scrutiny of the institution from alumni, lawmakers and faculty.

Kenneth Frazier, the former chief executive officer of Merck & Co., and KKR & Co. Co-CEO Joseph Bae, were elected Sunday by Harvard Corp. with the consent of the board of overseers, according to a statement from Alan M. Garber, the university’s interim president.

“They share a commitment to academic freedom, inclusion, and the pursuit of excellence in Harvard’s mission of teaching and research,” said Garber, who replaced Claudine Gay last month. ...