Provost Jonathan Holloway to earn $1.2 million in first year as incoming Rutgers president

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File photo by Colin Boyle

When he steps into his role as president at Rutgers University, Holloway’s salary in total will place him among the country’s 20 highest-paid public college presidents in the 2020-2021 academic year.

Isabelle Sarraf, Assistant Campus Editor

Provost Jonathan Holloway is expected to earn around $1.2 million in his first year as president of Rutgers University, according to a report from NJ Advance Media.

His compensation package also includes the Rutgers presidential house and a university car. Additionally, he will receive an annual base pay of $780,000, a $195,000 bonus guaranteed in his first year and a $185,000 payment after 90 days to make up for leaving his position at Northwestern.

His salary in total will place him among the country’s 20 highest-paid public college presidents in the 2020-2021 academic year.

In his role as provost, he made around $487,000 in Fiscal Year 2018, according to the University’s tax filings.

Outside of his role as president, Holloway will have the opportunity to serve on one for-profit board and one not-for-profit board, depending on the Rutgers Board of Governors’ approval, according to the report.

Holloway’s departure from Northwestern was officially announced on Jan. 21, after his appointment was unanimously approved by the Rutgers Board of Governors and Board of Trustees. He took over as Northwestern’s provost in Summer 2017, and formerly served as the dean of Yale College.

Holloway will continue to serve as a provost until the end of Winter Quarter. Last week, University President Morton Schapiro announced that senior administrators have formed a committee to find a replacement for the provost.

Kathleen Hagerty, associate provost for faculty, will serve as interim provost starting April 1. In an email to the Northwestern community, Schapiro said the committee hopes to find a replacement by the start of the 2020-2021 academic year.

Email: [email protected]
Twitter: @isabellesarraf

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