By Joshua Ceballos/News Director
University President Mark B. Rosenberg is sticking with FIU for another year.
In the most recent meeting on June 6, 2018, the Board of Trustees gave Rosenberg a rating of “superior” for his 2016-2017 accomplishments, and have extended his contract into 2020, according to Media Relations.
Rosenberg replaced former president Modesto Maidique, who was installed in 1986 and served for 23 years. Rosenberg’s term began on Aug. 3, 2009, and was guaranteed to last until Aug. 3, 2014.
The employment agreement for Rosenberg, provided by Media Relations to Student Media, states that his term was set to last five years, with an opportunity to renew each year afterwards.
In the summer of each year starting in 2010, Rosenberg meets with the Board of Trustees or a committee of the Board to discuss his progress in the previous year for them to evaluate him and decide whether or not to renew his term for another year, which they have for the past 9 years. There is no limit to the number of renewals a president can receive, according to Carlos B. Castillo, general Counsel for the University.
In the past year under Rosenberg’s leadership, FIU rose in university rankings to #2 in the state and it was named a “Great College to Work For” by the Chronicle. The year has also seen a fair share of sad news for the University, as the pedestrian bridge collapse occurred on Thursday, March 15.
Rosenberg is set to receive a $100,000 bonus if he stays the entirety of his current term until Aug. 3, 2019, as stated in his employment agreement. His pay in from 2016-2017 was $502,579 base pay with a $100,000 bonus and a non-taxable $17,160 according to the Chronicle of Higher Education.
Featured image by Carmella Jimenez/PantherNOW