UM's Schlissel gets 5-year contract extension, 3.5% raise
Ann Arbor – University of Michigan President Mark Schlissel was granted a five-year contract extension and a 3.5 percent raise by the school's Board of Regents at a meeting Thursday.
Schlissel, 60, became UM's 14th president in July 2014. The increase, the same percentage he was given a year ago, boosts his base salary to $852,346.
“The university, by all important measures, is doing exceedingly well under his leadership,” said Regent Andrew Richner, chairman of the board.
Schlissel is in his fifth academic year of a five-year contract under which he was hired.