University of Kentucky hires vice chancellor at LSU

A vice chancellor at Louisiana State University will fill one of the University of Kentucky's top spots, President Eli Capilouto announced Tuesday.

Eric N. Monday will become the UK executive vice president for Finance and Administration in December or January. He was brought to campus two weeks ago as the "preferred candidate" for public forums.

Monday is the vice chancellor for finance and administrative services and the chief financial officer at Louisiana State University in Baton Rouge. In a news release, Capilouto said Monday oversees 1,200 employees and is responsible, among other things, for building and sustaining an annual university budget of more than $800 million.

Monday's salary will be $350,000 a year, UK spokesman Jay Blanton said. He will not receive a long-held administrative perk at UK, in which the school pays the equivalent of 15 percent of administrators' salaries directly into their retirement accounts. For everyone else, UK matches an employee's 5 percent retirement contribution with a 10 percent allocation.

After faculty and staff protested the perk earlier this year, Capilouto ended it for new employees, although current beneficiaries continue to get it.