Stanford University’s next president will be Jonathan Levin, an economist who currently serves as dean of the graduate business school and whose association with the university dates back to his undergraduate days in the 1990s.

Dr. Levin’s selection, announced on Thursday, was based partly on his deep understanding of the university’s culture, the school said.

His appointment is also viewed as a stabilizing force, as Stanford faces turmoil stemming from protests over the Israel-Hamas war, as well as controversy over a predecessor, Marc Tessier-Lavigne, who resigned as president last summer amid questions about the quality of scientific research that was conducted in labs he supervised.

Jerry Yang, the technology entrepreneur who is the chair of Stanford’s board of trustees, said that the selection committee chose Dr. Levin, 51, as someone who could chart a course for the university during these politically fraught times.

The trustees held dozens of listening sessions, Mr. Yang said. “People wanted someone with a very distinguished academic record, somebody who has a deep familiarity with Stanford, understanding our spirit and culture,” he said on Thursday. “And they wanted someone with deep integrity.”

In choosing Dr. Levin, who serves on a White House advisory panel on science and technology, Stanford’s 20-member search committee also picked someone steeped in the world of academia.