The prestigious Wharton business school's new dean will be first woman and person of color in its nearly 140-year history

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The prestigious Wharton business school's new dean will be first woman and person of color in its nearly 140-year history
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Erika James was named as the new dean at the University of Pennsylvania's Wharton School of Business. She'll be the first woman and person of color to head the top business school in its 139-year history.

Five years after she was named the first African-American woman to be named dean of Emory University's Goizueta Business School, James was named as the new dean at the University of Pennsylvania's the Wharton School of Business.She'll be the first woman and person of color to head the top business school in its 139-year history.

Read MoreJames was credited with growing Emory's school faculty by 25% by the end of her first year, where she built an innovation and entrepreneurship lab that opened to all students. By last year the school had one of the most gender-diverse faculty populations in higher education, it said."This is an exciting time to be in business education," James said in the release.

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