Friday, September 19, 2008
The Kansas Board of Regents approved a fiscal year 2009 raise of $8,301 for Chancellor Robert Hemenway. He will earn $340,352 for the year.
Kip Peterson, media coordinator for the board, said the chancellor and the presidents of six other state universities received about a 2.5 percent cost of living and inflationary adjustment raise.
Hemenway became chancellor of the University in 1995. Lynn Bretz, director of communications with University Communications, said in an e-mail that the chancellor’s salary was $319,280 in fiscal year 2007 and $332,051 in fiscal year 2008.
The state funds a portion of Hemenway’s salary. According to the “Motion for FY 2009 CEO Compensation Decision,” the state will fund $267,177 this year.
Private donors contribute to the salary total as well, but may not exceed a compensation cap. Chancellor Hemenway will receive the maximum allowable amount.
Peterson said salary changes were decided after the board conducted formal evaluations each spring.
The chancellor and presidents are required to present an update to the board and complete an assessment as part of the evaluations. A CEO assessment committee also makes recommendations to the board.
— — Edit by Brieun Scott
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