WILLIAMSBURG, Va. (WAVY) - The Board of Visitors at the College of William announcedSaturday that it will extend President Taylor Reveley's contractthrough June 2013.
Henry C. Wolf, Rector of the College said, “PresidentReveley has provided that strong leadership and so we asked him tocontinue beyond the term of his original contract to insure thatthe College continues to have the benefit of his leadership forseveral more years. We are delighted that he has agreed to continueto lead the university for at least three more years.”
Reveley was appointed president at the college following theresignation of Gene Nichol.
“William & Mary is a university of extraordinarycaliber, rich in accomplishment and potential,” Reveley said.“I'm truly privileged to help lead it.”
Rector Wolf said Reveley’s extended three-year contract iseffective July 1, 2010. The president’s salary, he added,remains at $332,100 and his annual deferred compensation willcontinue to be $62,000.
“President Reveley asked the Board not to increase hiscompensation,” said Rector Wolf. “His salary is stillwhere it was in November 2007, before he became interim president.The president was not willing to have a raise until other people atWilliam & Mary can get raises.
Among his long list of accomplishments, Reveley oversaw thecollege's most successful fund-raising year in 2008-09, topping outat $50 million. He also helped steer the college through tougheconomic times, helping reduce the state operating budget by 32percent -- or $16.7 million.
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