A delay caused by technical difficulties with the conference call phone line took almost as long as the meeting itself. But Florida State University's Board of Trustees has approved John Thrasher's contract, including a $430,000 base salary.
The board made some small changes, such as clarifying that a potential $100,000 annual bonus will be tied to Thrasher's ability to meet performance goals approved by him and the trustees. But members generally agreed on the substance of the contract (detailed here) and approved it unanimously.
Thrasher is expected to start work Nov. 10. The state Board of Governors must sign off on his contract first, but that should happen during its meeting Nov. 5 and 6.
Once that happens, Thrasher has promised to step down from the state Senate.
FSU Provost Garnett Stokes served as interim president but was unsuccesful in her bid for the permanent job. The Tallahassee Democrat reported last week that she agreed to stay on under Thrasher as his second-in-command and head of academic affairs.
Thasher is expected to focus on fundraising and working with elected officials in obtaining more resources for FSU, leaving many of the day-to-day operations in Stokes' hands.