President Rosenberg receives five-year contract extension

Brandon Wise/Editor-in-chief

University President Mark B. Rosenberg was given a five-year contract extension through August 2019 on Thursday, Nov. 21, by the Board of Trustees.

In a University-wide email, Board of Trustees Chairman Albert Maury commended Rosenberg:

“In his first four years, he has assembled an incredible team to carry out our vision for FIU as a leading student-centered urban public research university that has become a solutions center locally and globally,” wrote Maury.

Rosenberg received a base salary of $496,613 last year, according to floridahasarighttoknow.com,

However, Media Relations confirmed this number was at the start of Rosenberg’s 2009-2013 contract, which across-the-board increases rose to $502,578.62. The value of his renewed contract was not confirmed by press time, but his salary will remain approximately $502,578.

Rosenberg will not be eligible for  across-the-board increases received by other University employees with his new contract. Any salary increases will need to be granted by the Board of Trustees.

He will also be granted a $50,000 signing bonus for the extension, as well as an annual retirement supplement of $80,000 beginning in December 2014 through December 2018.

If still continuously employed as president – including the last day of his term of Aug. 3, 2019 – Rosenberg will also receive a retention bonus of $100,000.

Maury believes Rosenberg’s leadership is key to the University’s future success, noting last week’s recognition of FIU’s Graduation Success Initiative by the Association of Public and Land-Grant Universities.

“This award was for FIU’s high-tech, high touch efforts in increasing our graduation rate by nine percentage points in the course of two years,” wrote Maury.

Maury also noted the University’s record of graduating more than 12,000 students each year, including more Hispanics than any other university, as well as the its leading role in Science, Technology, Engineering and Mathematics education – particularly that of Hispanics and minorities.

“FIU, under President Rosenberg’s leadership, is committed to giving our students the tools they need to succeed in and outside the classroom,” wrote Maury.

brandon.wise@fiusm.com

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