CSU Board of Governors OKs new contract for Tony Frank

DENVER – The CSU System Board of Governors announced Friday the approval of a new, five-year contract for CSU President Tony Frank.

Frank’s base salary this year will be $450,000 annually, with $25,000 step increases set for 2015 and 2016. The new contract, effective Jan. 1, runs through the end of 2017.

“Tony Frank is truly a rising star on the national higher education stage,” Board Chairman Joe Zimlich said in a statement. “He has an ambitious vision for CSU, and we wanted to demonstrate to Tony that the CSU System and Board fully support that vision.”

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Frank served as CSU interim president when former president Larry Penley left in November 2008. Frank was formally hired in June 2009 for a five-year term at $350,000 per year with an annual car and housing allowance of $42,000.