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It looks like financial expertise is no longer the issue: the Poetry Foundation announced today that its new president will be poet and professor Robert Polito, longtime head of the creative writing program at the New School. He'll take over in July. A Harvard PhD in literature, Polito is also a critic; he won a National Book Critics Circle award in 1996 for Savage Art, a biography of crime novelist Jim Thompson. His most recent book of poems, Hollywood and God, was published in 2009 by University of Chicago Press. There's a sample here.