[image-1] The board of trustees at the College of Charleston has approved the contract of Dr. Andrew Hsu, who was selected as the school’s 23rd president in November.
Trustees approved the terms of the contract during a special meting on Dec. 28, according to a statement from trustee David M. Hay.
[content-1] Dr. Hsu will be on campus starting on March 1 for meetings with students and community leaders as “president-designate,” per the terms of his contract. His official start date, however, won’t be for another two months after that, on May 16.
The 62-year-old is currently the provost and executive vice president of academic affairs at the University of Toledo in Ohio. He graduated with degrees in hydraulic engineering from Tsinghua University in Beijing in 1980 before earning a second master’s degree and a Ph.D. from Georgia Tech.
In the years following, Dr. Hsu worked for NASA contractor Sverdrup and Rolls-Royce and began his academic career at the University of Miami in 1997.
Dr. Hsu’s five-year contract stretches from May 16 to May 15, 2024. His official presidential salary will be $210,246. The College of Charleston Foundation, which manages the school’s endowment, will pay him another $200,000, bringing his combined compensation to $410,246.
On top of that, the college’s board of trustees will ask the state Agency Head Salary Commission to bump Dr. Hsu’s pay by 15 percent on his start date. In the event the commission denies the raise, the college will ask the Foundation to pitch in for it.
Dr. Hsu made $344,283 per year at his previous job, according to University of Toledo spokeswoman Meghan Cunningham. Hsu will serve in that capacity through February, she says.
The College of Charleston will also provide Dr. Hsu and his family with an on-campus residence (the formal president’s residence sits on Glebe Street). Utilities, high-speed internet, and “custodial services both inside and outside” the home will be taken care of by the school.
Former CofC President Glenn McConnell earned a yearly state salary of $198,345 at the time of his departure, according to college spokesman Mike Robertson. He also received $112,000 in Foundation money, bringing the previous president’s total compensation to $310,345, $100,000 less than his successor’s.
A welcome event for Dr. Hsu and his family is planned for Wed. Jan. 23. Details for the event have yet to be released.