by Geoff Larcom, Published December 16, 2010
YPSILANTI - The Eastern Michigan University Board of Regents has extended the contract of President Susan Martin by two years, in recognition of what the board called her "outstanding performance" since assuming office in July of 2008.
Martin's original, three-year contract has been extended to July 7, 2013. The extension, approved by the regents at their regular meeting Dec. 16, includes a series of salary increases, beginning in January. Since taking office two and a half years ago, Martin has not had an increase in her original annual salary of $285,000.
The salary provisions include:
Martin, 60, also will receive a performance bonus in a lump sum payment of $7,500 on July 8, 2011. At the end of her five-year appointment, she will also be eligible for a performance bonus of $10,000, which would be based upon a satisfactory evaluation of her performance and awarded at the discretion of the board.
The overall salary increase of $24,915 over the five years of the contract averages 1.7 percent annually, while the guaranteed performance bonus of $7,500 averages 0.5 percent annually over the five-year period.
The Jan. 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. She remains at the bottom of salary levels of presidents of universities in the Mid-American conference.
The board also amended Martin's contract to include $10,000 in moving expenses incurred in moving to and from University House.
"President Martin has led Eastern and provided EMU with a stability unmatched during this decade," said Roy Wilbanks, chair of the board of regents. "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."
Said Martin: "I love Eastern and its students. 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.
"Together, the Eastern family of more than 140,000 alumni, almost 2,000 faculty and staff, and our greater community and friends will continue to provide an excellent education that is accessible and affordable."
Martin's tenure at Eastern has been active on a variety of fronts. Eastern is currently amid an unprecedented, $195-million, four-year capital plan that includes construction of the $90 million, self-funded Science Complex and renovations of Pray-Harrold, EMU's largest and busiest classroom building. EMU has also opened a new headquarters for its Department of Public Safety and an indoor athletic practice facility.
Under Martin, Eastern has led the state's public universities in tuition restraint. Eastern raised tuition and fees 3.8 percent in 2009-10, and froze tuition and fees for this academic year, a move that generated national attention. Enrollment increased 7 percent over the last two years, and freshman retention climbed to 77 percent, the highest level since 1992.