Penn State board approves salary increases for president, two executives

September 17, 2021

UNIVERSITY PARK, Pa. – The Penn State Board of Trustees today (Sept. 17) approved a salary increase for President Eric J. Barron and received information on salary increases granted to two other University executives.

The board’s Subcommittee on Compensation based the recommended salary adjustments, which are consistent with the general salary increase (GSI) included in the budget the board approved in July, on the executives’ experience, performance, areas of oversight and duties, as well as comparative analysis.

The full board approved Barron’s new annual salary of $876,612.

The compensation of Nick Jones, executive vice president and provost, and Sara Thorndike, senior vice president for Finance and Business — classified as Tier II executives— was approved by the Subcommittee on Compensation and shared with the full board.

Jones received a merit increase of 2.25%, bringing his annual salary to $582,828. Thorndike received a merit increase of 2%, bringing her annual salary to $448,800.

The full Board of Trustees approves the salary of the University president upon recommendation of the Subcommittee on Compensation. The subcommittee has the authority to approve the compensation of Tier II executives, a small group of certain Penn State leaders.

Last Updated September 19, 2021