July 17, 2008
Minnesota State Colleges and Universities Board of Trustees give pay raise to chancellorContact: Melinda Voss, (651) 296-9443, firstname.lastname@example.org
Minnesota State Colleges and Universities Board of Trustees has approved a $20,000 pay increase for Chancellor James H. McCormick,
effective July 1.
"Chancellor McCormick continues to be a strong leader of the system and remains an outstanding spokesperson with the Legislature, key stakeholders and on a national level as well," according to a statement released by the board’s Ad Hoc Chancellor Assessment Committee.
McCormick's annual salary will be $360,000. In addition, he received a performance bonus of $23,500 based on attainment of 2007-2008
performance indicators. He is eligible for a bonus up to $50,000 for 2008-2009 based on achievement of performance goals.
"Trustees were very impressed with the progress Chancellor McCormick has made in establishing focused system goals and accepting accountability for meeting those goals," the committee reported.
McCormick, 69, was the founding chancellor of the State System of Higher Education for the Commonwealth of Pennsylvania before assuming
his position July 2, 2001, as head of the Minnesota system. McCormick and his wife, Dr. Maryan Garner McCormick, live in Woodbury.
Minnesota's 31 state community and technical colleges, and universities serve more than 420,000 students across the state.