LSU Chancellor Mike Martin officially named Colorado State University System Chancellor
LSU Chancellor Michael Martin addresses students, faculty, and families during the Spring 2012 Commencement.
The Board of Governors for Colorado State University unanimously voted on Friday to appoint Michael V. Martin chancellor of the college system this morning.
Martin, who comes to Colorado from Louisiana State University, will begin the job in August and will be paid a salary of $375,000 a year for five years.
The hiring package includes a deferred compensation of $75,000 and he is eligible for up to $150,000 in compensation. Martin also gets a $60,000 allowance for vehicle and housing expenses.
CSU matched Martin’s current chancellor’s salary at LSU and conducted a market analysis to determine whether the compensation package was fair.
Martin was named a finalist for the job at CSU a little more than two weeks ago. Informal negotiations have continued since then. The majority vote allows board chairman Joseph Zimlich to make the offer and discuss terms of a contract.
When Martin was named as finalist, Zimlich said Martin’s experience at LSU, which like CSU is a land-grant university, would serve him well in Colorado — particularly at a time in which schools across the nation are facing issues with funding.
“Access and affordability is one of the top two or three issues and goals for us,” Zimlich said. “We had to take that into account (during the candidate search). There has to be a voice for higher education and for those values and how to get to as many people in the state as possible.”
By Felisa Cardona
The Denver Post