The University of Pennsylvania's chief academic officer will take the helm of Duke University next year.

Vincent Price's selection as Duke's 10th president was announced Friday morning following a vote by the board of trustees.

The 59-year-old award-winning political science professor will succeed Richard Brodhead on July 1.

Brodhead announced in April his plans to step down after 13 years as president.

David Rubenstein, chair of the board of trustees, called Price the ideal person to lead Duke into the future.

Price's oversees Pennsylvania's 12 academic colleges, the arts and student affairs. He joined Pennsylvania's faculty in 1998. He has a bachelor's degree in English from Santa Clara University, and master's and doctorate degrees in communication from Stanford University.

Price will be publicly introduced on Duke's campus later Friday.