FAYETTEVILLE -- Sharon Gaber -- the former University of Arkansas at Fayetteville provost -- will earn $450,000 in salary plus $80,000 in yearly deferred compensation in her new job as president of the University of Toledo.
The Ohio university's board of trustees approved her five-year contract Monday.
Gaber's last day as UA's top academic officer was June 2. She starts her job with the University of Toledo on July 1, leading a public university with about 23,000 students and a medical school.
At UA, Gaber earned $315,113 yearly as provost.
Gaber's departure comes at a time when UA must replace Chancellor G. David Gearhart, who will step down July 31.
An appointment to fill Gaber's position was announced in April by Dan Ferritor, a former UA chancellor who will take over as interim chancellor beginning Aug. 1.
Former engineering Dean Ashok Saxena will officially begin July 1 as UA's next provost and has already begun to handle duties as UA's top academic officer, UA spokesman Steve Voorhies said.
Saxena will make $325,000 in salary in his new role. He served as engineering dean from 2003 to 2012, then left to serve as the senior leader for a new research institution in India. Saxena returned to UA last year to lead the university's biomedical engineering department.
UA has said the incoming president will be free to appoint a new provost.
Gaber's base salary of $450,000 is higher than the median compensation for public university presidents in 2014, which was just more than $428,000, according to an analysis by The Chronicle of Higher Education.
Gaber will be paid more than her predecessor at the University of Toledo, Lloyd Jacobs, who earned $392,700 yearly.
By comparison, Gearhart earned $339,010 annually as chancellor, plus another $225,000 in yearly deferred compensation.
Metro on 06/16/2015