HCC buys out chancellor’s contract for $650,000

Mar 27, 2013 by

The board of Houston Community College has decided to buy out Chancellor Mary Spangler’s contract for more than $650,000.

Spangler, 70, was supposed to return from medical leave Thursday. Instead, she and the board agreed on a settlement, ending her six years as the head of one of the nation’s largest community college systems.

Spangler’s contract ran through May 2014. The buyout for $650,541 covers her remaining salary and benefits, plus payment for her unused time off.

Board Chairman Bruce Austin described the deal as amicable, saying Spangler told trustees she wanted to retire.

“I think she’s done a very good job since she’s been at HCC,” Austin said. “She has raised our total enrollment. She’s been innovative.”

HCC’s website boasts that Spangler increased enrollment from 55,000 students to more than 72,000 in three years. She also led HCC to open a campus in Qatar, a money-making expansion that drew criticism from some on the board.

Last year, Spangler oversaw passage of a $425 million bond issue, HCC’s largest. The measure includes upgrading the system’s six colleges and expanding a popular health careers school.

“It has been a professional and personal privilege to lead HCC during this important time in its and our history,” Spangler said in a statement. “We have created an institution that is unrivaled when it comes to opportunity, relevance and being essential.”

Spangler’s attorney, Vidal Martinez, said the settlement negotiations were not contentious.

The board voted on the buyout during a Saturday meeting, but agreed not to publicly announce the decision until details had been finalized Tuesday.

Austin said trustees will hire a search firm to find the next chancellor: “We’re talking about a world-class leader that is needed at HCC because we’re a world-class city.”

via HCC buys out chancellor’s contract for $650,000 – Houston Chronicle.

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