What do you actually expect to be on a university president's CV? The last two chancellors of UC Berkeley have been not-very-notable professors who worked their way up the administration ranks; the presidents of most Catholic universities are priests. It matters that you're a good manager, not that you've won the Nobel Prize.
Yeah, I probably had wrong expectations, I kinda assumed that they would have significant success in something other than climbing the academic administration ladder.
Perhaps in contrast the president of Princeton was a Rhodes scholar and clerked for a Supreme Court justice before going to teaching and administration.
Yeah, Princeton seems to have a record of choosing more academically accomplished faculty to serve as president. My point is that that's not really typical.