William McRaven, a former U.S. Navy admiral, became the first and only UT System chancellor to get hired on a contract three years ago.
McRaven’s contract is coming to an end this month, but he’s staying on the job.
“McRaven has not asked the Board of Regents to extend his contract, nor does he require a contract to remain chancellor,” UT System spokeswoman Karen Adler said in an email.
Impressed by McRaven’s national leadership, including the 2011 Navy takedown of Al-Qaeda founder Osama Bin Laden, the UT System Board of Regents hoped McRaven would lead the UT System upon his 2014 navy retirement.
Because of his popularity and experience, the Board of Regents offered McRaven a contract that included a $1.2 million base pay.
McRaven was appointed by the Board of Regents as chancellor and CEO of the UT System in 2015. McRaven soon announced his outlined goals, titled “Quantum Leaps,” for the UT System.
UT regents and state leaders have questioned some of McRaven’s ambitious goals, including a $215 million land purchase for a UT-Houston campus. McRaven publicly apologized and announced the UT System would resell the land in May, but concerns about the UT System’s spending persisted and led to questions about the future of McRaven as chancellor.
Although McRaven will stay without a contract, other university systems in Texas, including Texas A&M, University of Houston and Texas Tech, have continued offering their chancellors contracts.
McRaven is a Distinguished Alumnus of UT’s Moody College of Communication.