“Our work is sure to benefit from their leadership qualities, their wide-ranging expertise and experience, and their devotion to higher education and Harvard,” said Penny Pritzker, the board’s senior member, and interim Harvard president Alan Garber, who is also a member of the board, in a statement. The board tapped Kenneth Frazier, a former chief executive of pharmaceutical giant Merck, and Joseph Bae, co-CEO of KKR, one of the world’s biggest investment firms, bringing in two leaders with management experience at the highest levels of American business. Two business titans are joining the Harvard Corporation, the university’s top governing board,...