Release by Texas Tech University
Chancellor Kent Hance and the Texas Tech University System Board of Regents have agreed to continue the retiring chancellor’s association with the system as chancellor emeritus after the board selects the next chancellor in 2014.
Hance announced at the October meeting of the Board of Regents that he would retire from his chancellorship when the still-to-be-named chancellor is in place.
Board Chairman Mickey Long of Midland said today (Dec. 20) that Hance, as chancellor emeritus, will report directly to the next chancellor and maintain an office in Lubbock.
“Kent Hance has been an asset to Texas Tech University for many years and an ardent champion of the Texas Tech University System and its component institutions during his tenure as chancellor,” Long said. “We look forward to continuing this prosperous and productive relationship.”
Hance will continue to teach his popular leadership class on the Texas Tech University campus.
Under the direction of the next chancellor, Long added, Hance also will be involved in fundraising and governmental relations in both Washington, D.C. and Austin. His contract is for three years and pays $240,000 annually.
“Kent has raised hundreds of millions of dollars for Texas Tech and will continue to do so,” Long said. “The regents believe that keeping Hance in a fundraising role is a tremendous investment for the future of the Texas Tech University System and higher education in Texas.”
Long also acknowledged Hance’s personal contributions to Texas Tech University.
“During his seven-year tenure as chancellor he has personally given or committed more than $8 million to his alma mater,” Long said.
Since Hance became chancellor in December 2006, the TTU System has grown from two institutions to four with the addition of Angelo State University and the newly formed Texas Tech University Health Sciences Center at El Paso.
Construction projects, either completed or under way, total almost $800 million since his arrival at the system, and enrollment in TTU System universities has increased by more than 45 percent.
In September 2010, Hance and the TTU System launched a capital campaign that raised $1.069 billion—the most successful financial campaign in the history of the system.
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