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Gov. Doug Ducey appointed Larry Edward Penley, Ph.D., to the Arizona Board of Regents in October of 2015. Regent Penley is treasurer of the board, chair of the Academic Affairs and Educational Attainment Committee, and a member of the Finance, Capital and Resources Committee, and Research and Health Sciences Committee.

Regent Penley is the president of Penley Consulting, past president of the Thunderbird School of Global Management, former president of Colorado State University, and past chancellor of the Colorado State University system. A former dean of the W. P. Carey School of Business at Arizona State University, he was a professor of management and Robert Herberger Arizona Heritage Chaired Professor. Regent Penley has held academic positions in Venezuela and Mexico, developed educational programs in partnership with institutions in China and Mexico, and is a professor emeritus at ASU.