VILLANOVA – Villanova University recently announced that its Board of Trustees elected Terence (Terry) M. O’Toole of Short Hills, N.J., as its chairman. He succeeds Herbert F. Aspbury, who served as chairman since 2008.

“He has been actively involved in the academic and administrative enterprises of the University, and is keenly aware not only of the challenges that lie ahead for Villanova but also the opportunities we have to enhance its national profile. I look forward to working with Terry in his new role,” said Father Peter M. Donohue, O.S.A., president of Villanova University.

In addition, Catherine M. Keating of Bronxville, N.Y., was elected vice chair of the Board of Trustees.

O’Toole, ’80, is a co-managing partner of Tinicum Inc., a private investment partnership based in New York City. He received his MBA from the Stanford Graduate School of Business in 1983, and is currently a member of its Advisory Council.

Keating,’84, is chief executive officer of U.S. Private Banking at JPMorgan Chase & Co.

The university also announced the election of five new board members. Peter L. Fong of Moorestown, N.J.; Justin G. Gmelich of Rumson, N.J.; Sheila F. Klehm of New Vernon, N.J.; Patrick G. LePore of Upper Montclair, N.J.; and Father Joseph L. Narog, O.S.A., pastor of St. Thomas of Villanova Parish, joined the 33-member board Jan. 1.