Alan M. Garber ’76, a Stanford professor of medicine and economics, has been selected as the next University Provost. Garber’s appointment follows current Provost Steven E. Hyman’s announcement last December that he would step down at the end of the academic year in order to return to his research.

“I am excited, energized and very fortunate to have the opportunity to be Harvard’s next provost,” Garber said, adding that he will prioritize the integration of Harvard’s schools and the University’s future development in Allston.

“One of the biggest attractions of this job is the ability to participate in the future of the Allston campus,” Garber said. “I view Allston as an opportunity unlike any other in American higher education today, where there is a campus that can be used to help realize the University’s vision for the future and make this a truly 21st century university.”

A summa cum laude graduate who studied economics at the College, Garber went on to receive his Ph.D. in economics from Harvard and an M.D. from Stanford. During his 25 years on the Stanford faculty, Garber’s academic work has focused mainly on health policy economics. He also has served on a Harvard Medical School and Harvard Dental School visiting committee.

“He has an incisive intellect, a deep appreciation for the challenges facing research universities, and a loyalty and commitment to Harvard, where he has maintained strong ties since his years as an undergraduate in the College,” University President Drew G. Faust said in a press release. “I am extremely pleased that a person of Alan’s talent, range, and versatility will be joining the University’s senior leadership team.”

Some within the University had speculated that a veteran of Harvard’s faculty would be selected to replace Hyman, whose wide ranging responsibilities require an intimate understanding of the University.

“You have to know the cast of characters and you have to understand the diversity of the different faculty. It is a huge challenge. For anyone to come in cold would be very hard, but a fresh perspective may be very helpful,” said Barry R. Bloom, a former dean of the Harvard School of Public Health.

But Garber said Friday that he thinks his experience at Stanford will be a valuable asset and that he expects the transition will be fairly smooth.

“I think that even if I were an insider I would need a tremendous amount of effort in learning about the people and the University,” Garber said. “I take that as a challenge to reach out to the wide diversity of people at the University.”

At Stanford, Garber has worked to form and strengthen ties across academic fields and said he intends to do more of the same at Harvard.

“Historically [Harvard’s] weakness has been that the great independence of the different schools and departments has made it difficult to collaborate on initiatives that cross traditional lines,” Garber said. He added that since his time as an undergraduate at the College in the 70s, the University has made “remarkable progress in interdisciplinary work.”

During her tenure as president, Faust has tried to break down barriers between the University’s various divisions and schools in an effort to encourage interdisciplinary collaboration.

“Alan is a distinguished academic leader who brings to Harvard an extraordinary breadth of experience in research across disciplines,” Faust said.

Dean of Harvard Law School Martha L. Minow said in an email that Garber “has demonstrated the power of interdisciplinary work and advanced understanding and policies concerning the delivery of health care.”

“He is also passionately curious and will bring terrific experience and talent for university leadership, creative problem-solving, and thoughtful commitment to advancing human welfare through university research and teaching,” she added.