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CU pagará a Mark Kennedy $1 3M en acuerdo para que deje el puesto
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CU to pay Mark Kennedy $1.3M in departure deal as Republican regents decry removal of president
Former GOP congressman will step down from CU presidency by July 1 after 2 years on job
Shawna Noel Schill
Posted at 9:37 PM, May 19, 2021
and last updated 2021-05-19 23:37:03-04
BOULDER, Colo. â University of Colorado President Mark Kennedy will receive a $1.3 million lump-sum payment when he departs his role as leader of the four-campus system by July 1, according to an agreement approved by the CU Board of Regents on Wednesday.
The deal outlining the details of Kennedyâs departure after two years on the job passed on an 8-1 vote, with Regent Heidi Ganahl, an at-large Republican, voting no. The regents are expected to name an interim president soon and initiate a search process for a permanent successor.
Hart Van Denburg/CPR News
Mark Kennedy answers audience questions April 24, 2019 at the CU Anschutz Medical Campus. Kennedy was the only finalist for the position of president at the University of Colorado when he was appointed in 2019.
The University of Colorado Board of Regents Wednesday approved a $1.3 million departure payment for President Mark Kennedy, who announced earlier this month that he was leaving after two years on the job. His departure date is July 1.
The “transition agreement” passed on an 8-1 vote.
The buyout covers the remainder of Kennedy’s contract, which began on June 15, 2019, and was set to run through June 30, 2022. Kennedy’s starting salary was $650,000, and it rose to $850,000 in subsequent years.
CU Faculty Assembly censures university president
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