RELATED: Search salaries for Wright State University employees
The university announced on Thursday it hired Branson for the newly created position. He will start his new job on Sept. 11.
Branson has served as vice chancellor of finance at the Missouri University of Science and Technology since 2013.
Jeff Ulliman, Wright State vice president for business and finance will now report to Branson, spokesman Seth Bauguess said via email.
Branson will receive up to $30,500 to relocate to the Dayton area, according to his contract. Aside from moving expenses, Branson’s contract does not include the job perks that were offered in Schrader’s contract.
JOB PERKS: Wright State bonus package revealed for new president
On top of her $425,000 base pay, Schrader could receive up to $260,750 in perks from Wright State over her first year as president, according to her contract.
Schrader’s bonus package included $42,500 in moving costs, $36,000 annually for housing and a $10,000 country club membership, among other things.
Branson worked under Schrader at Missouri S&T, where she served as chancellor from 2012 until she took over at Wright State on July 1.
“I am confident that you will be a valuable addition to Wright State University and sincerely hope you will accept this offer,” Schrader wrote to Branson, officially offering him the job.
RELATED: Wright State saved more money than expected last year
The newly created position was created as Wright State officials announced Tuesday that the university saved more money than expected in fiscal year 2017. Administrators expected the university to end June with $31 million in reserves but instead finished the month with $41 million.
Despite the unexpected savings, WSU is already behind its goal of boosting reserves by another $6 million this year. The school needs to make up another $2.3 million which provost Tom Sudkamp said will be done by only filling open jobs that are a priority.
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