Purdue President Mitch Daniels will receive a base salary of $430,500 and $221,707 in "at-risk funds," according to Thursday morning's Board of Trustees meeting.
Daniels' at-risk pay was approved at 103% based on metrics approved by trustees in December 2018. His salary is based on how well he does in four weighted areas: student success is weighed at 25%, fundraising at 30%, operations at 25% and student affordability at 20%. The president has received 100%, 88%, 90%, 96% and 95% of his at-risk pay in the past five years.
Compensation Committee Chair Tom Spurgeon and Trustees Chair Mike Berghoff said Daniels exceeded all set goals for his at-risk pay except for student success, where he earned 23% of 25%.
Berghoff cited new partnerships with Discovery Park and outside firms like Saab and new projects like the Gateway Complex for the College of Engineering and Purdue Polytechnic Institute as significant Purdue achievements in the past year.