Daniels will succeed France Córdova, who is stepping down after five years leading Purdue.
Daniels becomes the 12th person to lead Purdue University.
Purdue's mandatory retirement age could be a barrier to a long presidential career for Mitch Daniels.
A source close to the governor confirms Mitch Daniels will be the next president of Purdue University.
Board of Trustees Chairman Keith Krach told the twelve members of the panel that they have an enormous task.