Theobald was one of three finalists for the top administration position.
Neil Theobald served as Temple's president for three years until his negotiated resignation this summer, amid concerns about the university's merit scholarship program.
He served as Temple’s eighth president from 2000 to June 2006.
Hai-Lung Dai is accusing Neil Theobald of slander, libel and misrepresentation.
The Board of Trustees also re-elected several of its members and announced a new food provider for the university's dining halls.
Administrators will decide how many scholarships to award.
The deanship in the school is named for Lewis Katz, who gifted $25 million to Temple.
Acting President Richard Englert gave the State of the University Address on Thursday morning in Mitten Hall.
In an interview with The Temple News, Richard Englert said he feels students don’t think he’s important.
After a tumultuous summer in which the university lost its top two leaders, the year begins with several unanswered questions.