The Florida Board of Governors on Thursday approved a one-year extension of the contract for Marshall Criser as chancellor of the state university system.
The extension, which takes effect Jan. 1, will pay Criser $370,000 in a base salary, along with a $55,000 housing and vehicle allowance and allow him to earn up to 10 percent of his base salary in an annual performance bonus.
Criser’s new contract represents a 7 percent increase in compensation, board officials said.
In voting to extend the contract, Alan Levine, a member of board, praised Criser’s professionalism. “He’s always accessible, always answers questions,” Levine said. “He goes the extra mile to make sure we have what we need before we make important decisions.”
Criser took office as chancellor in January 2014.