Incoming University of Wyoming President Robert Sternberg will receive $542,000 in total annual compensation under a three-year contract approved Tuesday by the school’s board of trustees.
The university will pay Sternberg a base salary of $425,000 a year. His contract also provides for a $42,000 yearly housing allowance and a $75,000 annual contribution to a deferred compensation plan, said school spokesman Chad Baldwin. He will also be provided with a vehicle.
Sternberg, a provost and senior vice president at Oklahoma State University, takes the helm of Wyoming’s only four-year public university on July 1. He will replace outgoing President Tom Buchanan, who is retiring.
Buchanan received a $350,000 annual base salary and a housing allowance identical to Sternberg’s. He did not receive a contribution to a deferred compensation plan, Baldwin said.
The trustees unanimously approved Sternberg’s contract. They selected him in February to succeed Buchanan.
Sternberg is a psychologist and will also serve as a tenured full professor at the school.