FIU Board of Trustees Names
Armando Codina "Chairman Emeritus"

MIAMI, Fla. (Dec. 24, 2002) – As part of its final meeting, Florida International University's Board of Trustees recently awarded the title of "chairman emeritus" to its founding and current chairman, Armando Codina.

The Board, which will be replaced in January by a new Board of Trustees appointed by Gov. Jeb Bush, took the action in honor of Codina's energetic and talented leadership during the Board's 18-month existence. The upcoming new Board was mandated by a state constitutional amendment approved in the November 2002 elections.

"Armando's fellow trustees know how important his leadership was to the success of our efforts, and we're grateful for it," said Board Vice Chair Paul L. Cejas. "It's been a pleasure to serve with him, and this honorific title will let future generations know how critical his efforts were to both the immediate and long-term success of FIU."

Under Codina's leadership, the Board identified "funding equity" as its top priority and successfully lobbied for the first-ever appropriation designed to address long-standing inequities in funding between the state's older, rural universities and its newer, more urban institutions. FIU's share of that appropriation was more than $2 million, most of which was invested to reduce salary inequities for meritorious faculty performance.

Codina and the Board also approved three new high-tech degree programs in areas key to the university's strategy for expanding its research efforts. The Board also commissioned a third-party salary study and enacted a new salary package for President Modesto A. Maidique to bring his pay closer to the national norm for research university presidents. Several other Florida universities have since followed suit, conducting similar studies and enacting new presidential pay agreements based on the results.

Codina's stewardship took place during a time in which FIU was also launching a law school and a football program and his own real estate development company, the Codina Group, was named Florida's top privately held Hispanic-owned business. During the same time, he was also appointed to the board of directors for General Motors, becoming the first and only Hispanic to be named to the prestigious board.

"It's rare that a university is fortunate enough to have the involvement of a leader of Armando's stature, and rarer still that such a leader can give significantly of his or her time," said FIU President Modesto A. Maidique. "We're deeply indebted to him for his service to the university. Even though he won't be continuing in his current capacity as a trustee, we'll benefit for years to come from his tenure on our Board and from his continued involvement as chair emeritus."

 
 
 
 
 

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