New UM President Mark Schlissel 'amazingly honored' to be chosen as Coleman's successor

New UM President Mark Schlissel 'amazingly honored' to be chosen as Coleman's successor | Crain's Detroit Business:

"Mark Schlissel, a biochemist and the provost of Brown University, has been named the next president of the University of Michigan.

.....Schlissel starts July 1. His contract with the university is for five years. 

He will be paid a $750,000 base salary subject to annual increases at the Board of Regents' discretion; he will receive a retention incentive of $100,000 each year, vesting at the end of the term.



He will also receive regular university benefits and $20,000 annual supplemental contribution to a retirement plan, as well as housing in the university president's home, an expense allowance, the use of an automobile and a driver, all in accordance with university policies.