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Board of Trustees approves salary raise, bonus for McDavis
Ohio University’s Board of Trustees unanimously supported a five-year contract with President Roderick McDavis, including a new base salary
McDavis, who currently makes $390,321, will also be entitled to a one-time bonus in the form of a 15 percent of his current salary.
“Over the course of the next five years, I intend to continue working hard on behalf of Ohio University, its students, faculty and staff to provide them with the resources, environment and tools that they need to be successful,” McDavis said in a news release.
McDavis was originally hired in July 2004 with a base salary of $380,000 and given a pay raise in 2009. McDavis has a year until this contract expires, when he will be forced to decide whether or not to accept the new one. However, the terms of the new contract retroactively go into effect as of July 1, 2012.
“I certainly want to thank all my colleagues for all that you have done to make all these great things happen,” McDavis said after the offer. “Nothing happens by one person by itself. It takes a team, and we have a great team. We’ll keep
Trustees analyzed a report by the Chronicle of Higher Education that compared Ohio president compensations — including base pay, bonus pay and deferred compensation — in which McDavis ranked nine out of 10 for universities.
“This new contract is definitely in line with competitors. We believe our president’s salary should be competitive. At this point, we are not competitive,” said Gene Harris, trustee chairwoman. “In honor of his leadership, this proposed contract is very appropriate for all of the hard work and leadership that he has exhibited during very, very trying times.”
In his eight years as OU’s 20th president, McDavis has overseen the Promise Lives Campaign, OU’s fundraising project to raise $450 million and OU’s 20-year capital plan to improve buildings on campus, Harris said.
“It’s very important to me to retain the services of Dr. McDavis,” said J. Patrick Campbell, national trustee. “It is a competitive world out there, and I would hate like hell to lose Dr. McDavis to another institution.”
Before coming to OU, McDavis served as provost and vice president for Academic Affairs and professor of education at Virginia Commonwealth University in Richmond, Va. from 1999–2004.
He was also dean of the College of Education at the University of Florida from 1994–1999.
“I felt that it was interesting to hear all the support from the board,” said Judith Lee, Faculty Senate finance and facilities commissioner.
Faculty Senate will have a resolution on its Monday agenda addressing the new contract.
Student Senate President Zach George said McDavis’s new salary is fairly substantial, but he added that he is satisfied with McDavis’s interaction with students.
“He’s definitely a president that seeks student input before making big decisions, and I don’t think that’s something you’ll find with every university president,” George said.