The Metropolitan Museum of Art in New York, the largest U.S. art institution, named Daniel H. Weiss president as the museum embarks on new initiatives and a long-term capital campaign.

Weiss, 57, an art historian and president of Haverford College, will oversee 1,500 of the 2,200 full and part-time employees in areas including finance, legal affairs and development, the museum said Tuesday in a statement.

He was formally elected by the Met’s board on Tuesday and will assume his new post this summer, after the semester ends at Haverford.