Daniels was introduced as the university's 12th president Thursday after a unanimous vote by the Board of Trustees.
Daniels and wife Cheri chose not to move into the Indiana governor's residence after his election in 2004. They said the recently renovated home still needed $2.6 million in upgrades and that they planned to build a home in a gated community in the Indianapolis suburb of Carmel.
The governor's residence had been empty before. No one ever lived in the second governor's mansion in downtown Indianapolis in 1827, and the house was torn down 30 years later.