U of M Board of Regents Approves Contract Extension for President Eric Kaler
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"President Kaler's first three years at the University have been outstanding and the Board believes in his vision to move this great institution and the state forward," said Board Chair
Specifically, the contract:
* extends the current term by five years: from
* provides a 2014-15 salary increase of 2.5 percent (from
* continues current supplemental retirement payments for the life of the contract (
* adds new annual supplemental retirement contributions starting at
* enhances life and disability insurance benefits.
Since taking office in 2011, Kaler's annual performance evaluations have showed consistent and significant progress toward University goals. For example, he forged a renewed partnership with
His philanthropy efforts have resulted in significant fundraising success, including current projections for a near-record year for the
"Simply put, President Kaler is the right person, in the right job, at the right time," Beeson said.
Success in athletic competition and in the classroom
2013-14 saw continued improvement in academic performance for Gopher Athletics' 25 programs, according to Gopher Athletic Director
In competition, the Gophers:
* won eight
* men's basketball team won the National Invitational Tournament (NIT); and
* the football team went to a second straight bowl game after its first four-game
"Academically and athletically, we had a fantastic year," said Teague. "That success is due to the combined efforts and hard work of our student-athletes, coaches, academic counselors, training staff and administrators. I thank each and every one of them for their dedication to Gopher Athletics and the state of
In his update to the Board, Teague also discussed the department's budget and how it leverages current facilities for athletic and training needs, as well as providing access to the community.
The department is replacing the
Building alumni advocates
Alumni are vital to the University's continued success, according to an annual Board update by
Among the more than 445,000 living U of M alumni worldwide:
* 62,000 donated to the U or were members of UMAA;
* all five 2014 inductees to the
* more than 1,400 alumni volunteered their time and talent this year to serve as mentors to current students.
Sixty-two percent of U alums live in
Lewis also outlined key principles that will guide UMAA's future. Efforts include more and varied opportunities for engagement for the 70 alumni chapters across
* discussed the future of college athletics. Over the past several years, there has been considerable discussion about the future of the amateur model and college athletics, especially at the Division I level. At the Board's request, Athletics Director Teague and University General Counsel
* acted on a resolution related to the University's new approach to engagement efforts for the vitality and safety of the neighborhoods surrounding the
* approved the purchase of two vacant lots, totaling nearly four acres, north of the University's Intercampus Transitway and Metro Transit Green Line, and adjacent to the
* formally recognized
See the President's report to the Board here (http://www1.umn.edu/president/speeches-and-writing/bor-report-july-2014/index.html).
Following today's meeting, the Board will hold its annual planning retreat through
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