Eastern Michigan University President Susan Martin gets raise, two-year contract extension
The EMU Board of Regents approved the contract extension at its meeting this afternoon.
“You bleed green, and we are proud to have you as our president,” Regent Francine Parker said in making the motion to approve the extension.
Martin said she was pleased with the extension.
“I love Eastern and its students,” she said in a press release. “I consider it a great gift to serve this historic public university, and I am pleased to have the opportunity to continue to be invited to do that by the Board of Regents.”
Martin, who took over in 2008, was operating under a contract that ran out on July 7, 2011. The new contract expires July 7, 2013.
“President Martin has led Eastern and provided EMU with a stability unmatched during this decade,” Roy Wilbanks, chair of the board of regents, said in a press release. “It’s been a time of significant growth in terms of enrollment and facilities, all of which occurred despite a challenging economy. We as a board are pleased to extend her contract, a move that underscores the stability and vitality at Eastern Michigan during her tenure.”
The contract contains a series of financial incentives for Martin, 60.
On Jan. 1, 2011, Martin’s salary will be increased by 2.5 percent to $292,125. On July 8, 2011, she’ll get another raise, this one 3 percent, to $300,889. Then on July 8, 2012, she’ll get another 3 percent raise, hiking her salary to $309,915.
The contract also calls for Martin to get a $7,500 bonus on July 8, 2011. At the end of the contract, she will be eligible for an additional $10,000 performance bonus, contingent on a review and authorization from the board at the time.
In addition, Martin will get $10,000 set aside to cover costs of her move from University House when her term is up, if the contract isn't extended again.
“The January 2011 salary increase places Martin’s pay in the middle of presidents at Michigan’s 15 public universities, behind the leaders of Central Michigan, Western Michigan and Oakland universities but ahead of smaller institutions such as Ferris State and Saginaw Valley State,” the university said in a press release. “She remains at the bottom of salary levels of presidents of universities in the Mid-American conference.”
Martin, took over the university in 2008. She became president after John Fallon was fired in July 2007 when investigations showed EMU violated a federal crime-reporting law by not alerting the campus community to a murder investigation after a student was found dead in her dorm room.
David Jesse covers higher education for AnnArbor.com. He can be reached at firstname.lastname@example.org or at 734-623-2534.