CSUThursday, November 5
CSU will pay President Amy Parsons $1.1 million by Jan. 5 under her resignation settlement
The Good Day Fort Collins team
If you've been following CSU, the president's exit now has a price tag. Amy Parsons announced her resignation Oct. 28 and will step down Dec. 31, giving no reason. A settlement obtained through an open-records request spells out what CSU owes her.
CSU is paying Parsons $1.1 million, versus $325,000 for the provost
Sources: The Coloradoan, BizWest
View as table
| Value | |
|---|---|
| Amy Parsons, president | $1.1M |
| Marion Underwood, provost | $325K |
- Payment: $1.1 million, due by Jan. 5
- Basis: rest of her contract, which ran through January 2028
- Plus: the equivalent of five months of salary
- Also in the deal: a non-disparagement clause
Rick Miranda, CSU's longtime provost, steps in as interim president on Jan. 1, 2027. He's done it before: BizWest reports he served as interim from June 2022 until Parsons took over in February 2023. Parsons says she and her husband, Jeff, will remain in Fort Collins.
Parsons leaves Dec. 31, and her payment is due Jan. 5
- Oct. 28Parsons announces her resignation.
- Dec. 31Parsons will step down as CSU president.
- Jan. 2027Rick Miranda will begin as interim president.
- Jan. 5CSU must pay Parsons $1.1 million under the settlement.
Sources: The Coloradoan, The Rocky Mountain Collegian, CBS News