Florida Gulf Coast University’s presidential search officially launched today.
The Board of Trustees is accepting applications and nominations for the fifth president of the university, replacing current president Michael V. Martin, with an Aug. 15 deadline.
“It’s been a wonderful ride,” said Martin, who is set to retire at the end of the calendar year. “Over 50 years of public higher education and a great experience here for the last five.” He intended to retire five years ago, but said the time wasn’t right.
FGCU engaged Segal, a leading consultant in compensation, to perform a comprehensive assessment of compensation for its presidential role. Segal’s average salary ranges were from an assessment it conducted that included both public and private institutions of similar size and complexity to FGCU. Averaging both public and private compensation rates allowed FGCU to not limit itself to any public or private markets for talent.
Trustees approved a preliminary compensation range for the new president on June 14. The salary range accounts for total compensation beginning at $480,000, but not exceeding $1 million with the final salary report coming back to the board in September.
ABG Search, which offers search services exclusively for higher education institutions, is assisting FGCU’s Presidential Search Advisory Committee.
Finalists will be chosen in September by the search committee and recommended to the board. Then, the president-elect will be presented to the Board of Governors for final approval in November.
Martin said he is trying to participate by nominating people he knows well and who he thinks would be interested in the university. “I have nominated a number of people already myself,” he said. “I’m not arguing any one of them is necessarily the next person but I think they all bring qualifications that are worth considering.”
Martin said he looks forward to spending time with his two grandsons, writing more and watching great things happen at FGCU. “This place is on a great trajectory with wonderful people,” he said. “Therefore, I feel comfortable now becoming a cheerleader from the outside.”