Morgan State University’s Board of Regents voted unanimously to extend President David Wilson’s contract through 2018, the university announced Wednesday.
With the new agreement in place, Morgan joins other Maryland universities that have secured their leadership for a set period, a move the school said demonstrates stability to donors, alumni and other supporters.
“The Board of Regents of Morgan State University has been generally very pleased with the performance, administration and leadership of Dr. David Wilson during his tenure as University President and the board wishes to underscore that satisfaction in good faith with a five-year employment contract,” said board chair Kweisi Mfume.
Wilson was inaugurated as MSU’s 10th president in July 2010 after an extensive national search. Since 2014, his term had been an at-will appointment in which he served annually at the board’s discretion.
Under the new agreement approved by the Board of Regents, Wilson will receive a 3 percent pay raise — which he plans to reinvest into the university over the next several years — that will bring his annual salary to $445,737, along with a nonqualified deferred compensation retirement plan.
Wilson will also relinquish his right to professional tenure at MSU once his time as president ends.