World Courant
The president of the College of Arkansas System will maintain his job for 2 extra years and not using a increase, underneath a contract extension accepted this week.
The system’s Board of Trustees voted unanimously on Thursday to increase 66-year-old Donald Bobbitt’s contract, describing the deal as “very reasonable” to all concerned, The Arkansas Democrat-Gazette reported.
“I’m honored and happy that the board has this confidence in me,” stated Bobbitt. “I do know not everybody on the board agrees with me on every part, however I am grateful for the sincere suggestions I’ve obtained.”
The extension would take impact on the finish of 2023. Particulars within the renewal shall be written by the system’s basic counsel, and each Bobbitt and the board might want to approve it.
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The president of The College of Arkansas System receives a two-year contract extension.
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Beneath the brand new deal, there shall be no wage enhance for Bobbitt, who at the moment earns a base wage of $510,000 plus deferred compensation. It does, nonetheless, comprise a provision that Bobbitt will be terminated with 90 days’ discover and that Bobbitt should serve six months’ discover to resign, Morril Harriman, the chairman of the board of administrators, informed the newspaper.
Bobbitt, who started his time period on November 1, 2011, has not too long ago confronted opposition for his dealing with of a possible affiliation between the system and the College of Phoenix, one of many nation’s largest for-profit school firms. He has additionally been criticized for final yr’s seek for the subsequent chancellor on the College of Arkansas, Fayetteville, the system’s flagship.
On Thursday, Bobbitt acknowledged public criticism of his management, however stated it has been overshadowed by the variety of encouraging messages he has obtained.
The extension additionally confirmed Bobbitt’s appointment as tenured professor within the Division of Chemistry on the College of Arkansas, Fayetteville. He can return to that function when his time period as president expires, if he needs.
