The College of William and Mary’s Board of Visitors voted to extend the contract of College President Taylor Reveley at its special session Saturday.
The new contract continues Reveley’s tenure as the College’s 317th president through at least 2013.
“The Board understands the importance of strong leadership for the College as we navigate our way through challenging times,” College Rector Henry C. Wolf ’64 J.D. ’66 said in a press release. “President Reveley has provided that strong leadership and so we asked him to continue beyond the term of his original contract to insure that the College continues to have the benefit of his leadership for several more years. We are delighted that he has agreed to continue to lead the university for at least three more years.”
Reveley’s new contract will come into effect July 1. The contract is scheduled to pay Reveley $332,100 annually through 2013 — unchanged since 2007 — $62,000 of which is deferred.
“President Reveley asked the Board not to increase his compensation,” Wolf said. “His salary is still where it was in November 2007, before he became interim president. The president was not willing to have a raise until other people at William & Mary can get raises. He said ‘We need them for everyone.’”
Reveley served as the College’s interim president from February 2008 to September 2008, taking over after the resignation of former College President Gene Nichol. He assumed the office on a full-time basis that September.
“William & Mary is a university of extraordinary caliber, rich in accomplishment and potential,” Reveley said in a press release. “I’m truly privileged to help lead it.”
Prior to his tenure as president, Reveley served as dean of the Marshall-Wythe Law School from 1998-2008.