Purdue University’s trustees have approved extending the contract for President Mitch Daniels beyond 2020 in a deal that will pay him up to $930,000 a year.
Purdue board chairman Mike Berghoff says the former Indiana governor is enhancing the university’s reputation nationally. WLFI-TV reports board members cited development projects around the West Lafayette campus and Purdue’s takeover of online-based Kaplan University that’s been dubbed Purdue Global.
The new deal approved Tuesday allows for year-to-year extensions of Daniels’ contract past its previous mid-2020 end date. The Journal & Courier reports Daniels is to receive $420,000 in base salary, up to $210,000 in performance pay and a $300,000 annual retention bonus.
Daniels became Purdue’s president in early 2013.
Daniels says he has a “couple more laps” left at Purdue.