Winthrop University’s new president will earn $334,000 in his first year in office. Dan Mahony recently signed a three-year contract with the school.
Mahony, Winthrop’s 11th president, took office July 1. He previously spent seven years as dean of the College of Education, Health and Human Services at Kent State University in Ohio. The college Mahony led at Kent State was nearly the size of Winthrop, with more than 600 employees, about 5,400 students and a $30 million budget.
Mahony’s employment with Winthrop will run under a “rolling contract,” university officials said Wednesday. That means on the second and subsequent anniversaries of Mahony’s contract, the Board of Trustees will consider extending his contract for another year. Trustees have used “rolling contracts” for past presidents.
Winthrop’s most recent contracts for past President Anthony DiGiorgio and former President Jamie Comstock Williamson were for five-year terms. University officials said Wednesday those were exceptions to the normal practice of three-year, rolling contracts.
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Mahony’s compensation includes a state salary of $174,000 per year and a $160,000 salary supplement from the university’s nonprofit foundation.
His contract also grants him a faculty appointment as a tenured professor of sport management, his area of academic expertise. For his first year, however, Mahony will not teach.
In his years at Kent State, he taught a course every other year. Mahony would like to eventually teach at Winthrop, too, officials said.
On Wednesday, Mahony said he is appreciative of the confidence university trustees “have in my leadership and my stewardship of Winthrop moving forward.”
The contract negotiations and finalization process went smoothly, he said.
“Frankly, it was just a technicality as this is the job I’ve wanted, and I’ve looked forward to getting to work since the announcement in March,” Mahony said. “I’m thrilled to be here and encouraged by all the support my family and I have received.”
Anna Douglas • 803-329-4068