Cozzetto's Handshake Not Golden... It was Platinum
By 250 News
Saturday, June 21, 2008 03:58 PM

Prince George, B.C. - The Board of Governors for the University of Northern B.C. has released more details on the separation agreement for Dr. Don Cozzetto.
There were two separation agreements, one covering his position as President of the University. That package gave Cozzetto one year’s salary plus benefits to the tune of $342,804.67. The other package covered his “surrendering of his academic appointment as a Full professor with tenure” and that carries a cheque for $150,000.
Dr. Donald Rix, Chair of the Board, had said in the past that Cozzetto’s departure, although sudden, was a “mutual agreement” between the Board and Dr. Cozzetto. With his rapid departure there are some who believe Cozzetto indicated he would like to leave, and the Board gave him his coat and showed him the exit door, hence the need for a severance package.
Dr. Rix said today the Board and Dr. Cozzetto agreed that “he bore a high personal and professional cost as a result of his efforts to address some financial and structural challenges faced by the University.” Dr. Rix adds, “Together, we decided that it was in everyone’s best interests to reach an amicable ending of the relationship and move on.”
The search for an interim President gets underway immediately, and Dr. Rix says he has an appointment on Monday in Vancouver with a potential candidate. Dr. Rix says they hope to have an interim President in place for about 4 or five months while the selection committee starts a recruiting program. “I think the Board felt it was best to have someone externally for the role of interim President at the present time. We need someone on the ground who can deal with government and all the rest of that, so we thought an external choice would be the best at the present time.”
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