UM President’s Contract Extended

At its Nov. 18, 2010 meeting – held at the Flint campus – the University of Michigan board of regents voted unanimously to amend the employment contract of president Mary Sue Coleman by extending it two years, through July 31, 2014. Her current five-year term previously was set to expire on July 31, 2012. She was hired as the university’s first female president in 2002. The amendment does not alter her salary and benefits, which will be reviewed annually, but it does add a supplemental deferred compensation payment of $100,000 annually for this year as well as the following next three years. [At their October meeting, regents approved a 3% salary increase for Coleman, bringing her salary to $570,105. In addition, her total compensation package includes $75,000 in deferred compensation, a $100,000 retention bonus, $24,500 in retirement pay, and an additional $30,850 supplemental retirement payment.]

This brief was filed during the regents meeting at the UM Flint campus. A more detailed report will follow: [link]