Georgia Tech’s incoming president will start work there on Sept. 1, officials said Wednesday.
Ángel Cabrera’s total first-year compensation will be $975,000, according to an offer letter he signed.
Here’s the breakdown of his compensation:
$631,700 - his base salary
$300,000 - deferred compensation
$43,300 - annual allowance
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Cabrera will receive a one-time payment of $175,000 as a hiring incentive paid as executive deferred compensation. He’ll also be reimbursed up to $40,000 for moving expenses, the letter said.
The Georgia Board of Regents voted in June to hire Cabrera, who has been president of George Mason University since July 2012. He holds degrees from Georgia Tech.
Cabrera is replacing G.P. “Bud” Peterson, who is retiring as president after 10 years on the job.
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