UNIVERSITY PARK, Pa. – The Penn State Board of Trustees today (Sept. 13) approved a salary increase for Penn State President Eric Barron and received information on salary increases granted to two other University executives.
The board’s Committee on Compensation based the recommended salary adjustments not only on the executives’ experience, performance, areas of oversight and duties, but also on the University’s pool of allocated funds for annual salary adjustments.
The full board approved Barron’s new annual salary of $855,228.
The compensation of Nicholas Jones, executive vice president and provost, and David Gray, senior vice president for Finance and Business — classified as Tier II executives— was approved by the Committee on Compensation and shared with the full board.
Jones’ new annual salary is $570,000. Gray’s new salary is $537,372.
The full Board of Trustees approves the salary of the University President upon recommendation of the Committee on Compensation. The committee has the authority to approve the compensation of Tier II executives, a small group of certain Penn State leaders, to ensure compensation decisions are based on data and comparative analyses.