DES MOINES — The State Board of Regents approved an increase in salary or retention bonuses for the three presidents of the University of Iowa, Iowa State University, and the University of Northern Iowa last week.
Board President Michael Richards read the proposed increase for UI President Barbara Wilson. “Authorize a $50,000 increase to her annual base salary effective July 1st 2023. Amend the 2021 deferred compensation plan to increase the total principal value by 25 percent,” he says. The raise moves Wilson’s yearly salary to $700,000.
For ISU president Wendy Wintersteen, there will be a new deferred compensation plan starting July 1st with annual contributions of 415-thousand dollars, and her new employment agreement extends through June 30th of 2026. Her salary stays at 650-thousand dollars. UNI president Mark Nook also receive a raise. “Authorize a $15,000 increase to his annual base salary effective July 1st 2023,” Richards says. This moves Nook’s salary to $372,110 a year.
The executive director of the Board of Regents, Mark Braun is also getting a change in his deferred compensation. Richard says they will establish a new deferred compensation plan starting July 1st, 2023 and ending on June 30th, 2025, with annual contributions of $155,000 for Braun. The Regents discussed the salary issues in a closed meeting Tuesday and did not make any comments before voting to approve them Wednesday.