6C - Tuesday, September 6, 2011 NEW STUDENT EDITION The Michigan Daily - michigandaily.com fiC - Tuesday, September 6, 2011 NEW STUDENT EDITION The Michigan Daily - michigandailycom Regents extend President Coleman's contract to 2014 By KYLE SWANSON Daily News Editor Nov. 18. 2011 - FLINT, Mich. - The University's Board of Regents voted unanimously yes- terday here to approve a motion extending University President Mary Sue Coleman's contract for an additional two years. Coleman's current contract with the University was sched- uled to end in July 2012, but the two-year extension approved yesterday means Coleman will serve through July 2014. Cole- man joined the University in 2002 after serving as the presi- dent of the University of Iowa. The motion to extend Cole- man's contract was made by Board of Regents Chair Julia Darlow (D-Ann Arbor), who read a statement in support of the action. "Throughoutherservicetothe University, President Coleman has performedtoextraordinarily high standards and has gained extraordinarily wide recognition for her excellence," Darlow said. "President Coleman has kept our focus firmly on our mission, and we have achieved outstand- ing accomplishments on global, national and local levels. For the entire University community, she has preserved and strength- ened our balance, our direction and our self-confidence." Coleman's compensation package will remain the same in her new contract, though the Board of Regents will continue to evaluate her pay each year for possible merit increases, Darlow said. "(Coleman's salary) will con- tinue to be reviewed annually by the Board and any increases will be set at the discretion of the Board, taking into consideration performance and other relevant factors aswe did at our last Board meetingin October," Darlow said during the meeting. However, the contract does add an additional $100,000 to Coleman's deferred compen- sation package for the current contract year and the remain- ing years on her new contract. However, because it is deferred compensation, Coleman will not receive the money until she retires. "The amendment is designed to build a substantial contribu- tion to her retirement over the remainder of her term," Darlow said of Coleman. "Certainly, she has earned it." As part of the contract, the Board of Regents laid out seven primary goals for Coleman to address over the remaining years of her contract. Among them, the regents have asked Coleman to continue strengthening the University's academic mission and develop- ing financial policies that will preserve the fiscal health of the University. During her tenure at the Uni- versity, Coleman worked with other University officials to elim- inate $135 million in recurring costs from the general fund bud- get in order to reallocate money to higher priority projects. Addi- tionally, Coleman has called for an additional $100 million to be eliminated from the budget by 2012 and another $120 million by2017. At the same time, Coleman led a faculty hiring initiative aimed at increasing the number of interdisciplinary faculty and programs atthe University. Cole- man allocated enough money in the University's budget for the current year to hire an additional 50 junior faculty members. The regents also requested that Coleman work to improve campus facilities like stu- dent housing and to grow and strengthen the University of Michigan Health System. In addition, they asked that Cole- man create a leadership plan that includes developing strong candidates for leadership posi- ward." tions throughout the University. In an interview following the Coleman spearheaded phase "ineeting, Coleman echoed that one ofa residence life initiative sentiment, saying the University that led to the renovation of is the best place she's ever had several residence halls on cam- the privilege to work. pus. Officials in the adminis- "I love this place and I love tration have told The Michigan the work I'm doing and the fact Daily that the second phase of that I can do it for an additional the project is currently being two years is terrific," Coleman planned. said. Additionally, Coleman played Asked whether she planned a major role in planning and to retire after her new contract overseeing the construction of ended in July 2014, Coleman said the new C.S. Mott Children's she hasn't made any final deci- and Von Voigtlander Women's sions yet. Hospital, which is set to open in "I don't know what I'm doing November 2011 - a year ahead yet," Coleman said of her retire- of schedule. ment. "I think for me, I'm very Coleman -is also to develop excited for the next four years." plans for the University's next In an interview following yes- capital campaign. terday's meeting, Ora Pescovitz, The last University-wide the University's executive vice capital campaign ended in 2008 president for medical affairs, under Coleman's leadership, said she was "delighted" and when the University set an all- "thrilled" that Coleman will be time record for the most money leading the University for anoth- raised in a single capital cam- er fouryears. paign by a public university - "It's great news for the entire $3.2 billion. faculty and staff of the Univer- Coleman's early career at the sity," Pescovitz said. University is often defined by University Provost Philip her role in the two admissions Hanlon echoed Pescovitz's sen- lawsuits that went before the timent in a separate interview U.S. Supreme Court in 2003, less after yesterday's meeting. than one year after Coleman took "I'm thrilled," Hanlon said of over. The case forced the Univer- Coleman's contract extension. sity to modify it's undergraduate "She's a president at the top of admissions criteria, which gave her game and I'm privileged additional points to underrep- to be able to work for her and resented minority applicants in watch her in action and learn a numerical evaluation process, from her." but reinforced a process used Hanlon added, "She's an out- by the University's Law School standing leader for the Univer- where ethnicity was one of many sity." factors considered in admissions. Other University officials, Speaking at the meeting after including Regent Andrea Fisch- her contract extension was er Newman (R-Ann Arbor) approved, Coleman thanked the and E. Royster Harper, vice regents and executive officers for president for student affairs, their support. said they were also extremely "I can't imagine working with pleased with the contract exten- a better group of people," Cole- sion. man said. "I look forward to the "She's just a dream boss," next four years. It's been a great Harper said in an interview. experience and it's going to be "The leadership she's providing a great experience going for- is phenomenal." University Locations Continued... Exhibit Museum of Natural History 0 s k a Campus Resources Need Information? Yeah, we've got that. Campus Information Centers 734 764-INFO www.umich.edu/info sweetlano centerowriting 0 a Looking to join a fun', stressfree orchestra? Come and check out the Michigan Pops! Audition dates and times are held in the fall. 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