It is Rich Lyons, a well-known economist and former dean of the Haas School of Business.
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The 63-year-old is the campus' current leader for innovation and entrepreneurship.
He will take the reins after outgoing Chancellor Carol Christ steps down in July.
Lyons is a Bay Area native -- he grew up in Los Altos and went to Cal as an undergrad.
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In a statement, he said: "No institution has come anywhere close to Berkeley in terms of shaping my life."