UPDATE (5:00):
The Arizona Board of Regents have released the background material that gives us a rough idea of the new president’s pay.
His base is $810,000 a year with $145,800 a year towards retirement in a pension.
U of A will also provide a residence for the new president, along with $10,000 a year for a car allowance.
His contract as President runs three years, through September 2027.
He will also be a tenured member of the faculty at U of A’s College of Engineering.
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The Arizona Board of Regents annouced today that the contract of Dr. Suresh Garimella’s has been approved to serve as the next University of Arizona president.
Garimella will start his term on October 1.
“The board is proud to welcome Dr. Garimella to Arizona,” ABOR Chair Cecilia Mata said. “We have high expectations for both the University of Arizona and its new president. He is a tireless champion for students, and has the experience, vision and steadfast leadership needed to guide our state’s oldest university into the future.”