PITT BOARD OF TRUSTEES SETS OFFICERS' COMPENSATION

PITTSBURGH, Dec. 7 -- The compensation committee of the University of Pittsburgh Board of Trustees met today and approved the salaries of University officers for the current fiscal year.

Board Chairperson J.W. Connolly noted that the continuing progress of the University had been the most important factor in the committee's determinations. "The University of Pittsburgh has once again experienced another year of progress that has been nothing short of remarkable. Chancellor Mark Nordenberg and his senior leadership team continue to spearhead the efforts that are moving our University to new heights of excellence," Connolly said. "The past year again established all-time records for student applications, the academic credentials of entering students, private fundraising, research support, and total revenues. In addition, the University's facilities continue to be dramatically improved and Pitt is taking an increasingly prominent position in regional development. These accomplishments are a credit to everyone at the University, but there is no doubt in my mind that the driving force behind them has been creative and committed leadership."

Citing this growing record of significant progress in advancing the University's goals, the committee set Nordenberg's annual salary for the 2000-2001 fiscal year at $325,000. The new salary is an 6.6 percent increase over the Chancellor's compensation for the 1999 – 2000 year. Upon recommendation of Nordenberg, the compensation committee also approved the 2000-2001 salaries for the following University officers: Carol Carter, vice chancellor for institutional advancement, $179,000 (4.1%); Jerome Cochran, executive vice chancellor, $237,5000 (4.4%); Robert Dunkelman, secretary to the Board of Trustees, $139,000 (4.5%); Arthur Levine, senior vice chancellor for the health sciences, $537,000 (4.3%); James Maher, provost, $253,500 (4.3%); Amy Marsh, treasurer, $150,000 (7.1%); and Arthur Ramicone, vice chancellor for budget and controller, $172,000 (13.2%). The salaries for Nordenberg, Carter, Cochran, and Maher include performance/market adjustments that have been converted to base salary.

"The entire Board of Trustees remains extremely proud of the University's recent progress. Pitt is the region's major provider of high quality higher education, a national center of pioneering research, one of the area's largest employers, and a key partner in revitalizing this region's economy. In so many ways, then, Pitt's success is critical to the future strength of the entire region. As our decisions today make clear, the Board is completely committed to supporting Chancellor Nordenberg and his senior leadership team as they continue their highly effective and successful efforts to make our great University even better, for the benefit of our students and of the larger community," Connolly said.

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