President Bendapudi receives rave reviews from UofL board of directors
The University of Louisville Board of Trustees, at its July 15 meeting, presented a glowing review of President Neeli Bendapudi who recognizes her for her accomplishments over the past year, including successfully leading the ‘UofL during the COVID-19 pandemic.
“We continue to be very impressed and grateful for Neeli’s leadership at the University of Louisville,” said Mary Nixon, Chair of the UofL Board of Trustees.
Nixon listed some of the accomplishments that occurred under Bendapudi’s watch:
- Stabilize the financial situation of UofL, improve its credit prospects and reallocate its resources to advance the strategic plan
- Set a record of $ 170 million for research funding and articulate the Grand Challenges that will further focus the energy of the university
- Achieve the highest number of registrations at UofL for decades in the fall semester 2020
- Build a strong internal management team including two recent hires, Provost Lori Gonzalez and General Counsel Angela Curry
- Achieve consistent progress strategically with the creation and expansion of services in the Employee Success Center, the launch of a brand campaign and web improvement project, a concerted focus on experiential learning and more.
- Successful implementation of the acquisition of the former assets of KentuckyOne Health to create UofL Health, leaving the university in a stronger financial position and expanding health services in more areas than before, including the medically underserved area from West Louisville
- And in response to the greatest public health crisis of our lives, the global COVID-19 pandemic, UofL under the leadership of Dr Bendapudi:
- Seamless transition from in-person to online instruction in days
- Took care of the people on campus with ongoing accommodation and food services for thousands of students
- We have provided COVID-19 tests, vaccinations to our UofL community and more broadly to Kentuckiana via UofL Health
Following the positive assessment, the board recommended the approval of a new compensation structure that effectively combines Bendapudi’s current salary and bonus. His proposed five-year contract, which would begin July 1 of this year, provides for an annual salary of $ 875,000 and includes other terms that are comparable to presidential contracts at other research universities in the United States, including life insurance, athletic tickets and other items. Bendapudi would also receive a one-time payment of $ 150,000 no later than September 15 as an adjustment to his base salary for services rendered between July 1, 2020 and June 30, 2021. Bendapudi earned $ 725,000 in salary in 2020-2021.
The administrators also proposed a five-year retention plan that will pay Bendapudi $ 200,000 per year if she stays in college. Annual payments will begin at the end of each year, effective July 1, 2022.
“When she became president in 2018, Neeli accepted a lower salary than her predecessors and many of her peers, saying she felt she needed to earn the compensation,” Nixon said. “While she hasn’t approached us for a raise, she clearly deserves it.”
The board voted to delegate authority to its executive committee to complete Bendapudi’s new contract by the end of July.
“This compensation structure does not increase his base salary, but simply changes any items to his base salary. The retention tool and other elements also put her on an equal footing with other university presidents, ”Nixon said, noting that Bendapudi’s growing national reputation makes her an attractive candidate for others. jobs across the country.
“Neeli is a great leader and we appreciate her. We want to keep her at the head of UofL for years to come.
In another action, the advice:
- Elected the following officers for 2021-2022: Mary Nixon, President; Raymond Burse, vice-president; Diane Medley, treasurer; Scott Brinkman, secretary; and Jake Beamer, assistant secretary. In addition, the Board of Directors appointed Jim Rogers and Ugonna Okorie, President of the Student Government Association, to the Executive and Compensation Committee.
- Ratified the approval of the Management and Remuneration Committee of the 2021-2022 operating budget
- Approved the President’s recommendation to grant a one-time bonus of $ 1,000 to full-time faculty and staff and a one-time premium of $ 500 to part-time faculty and staff