The trustees of Alabama State University have approved a two-year contract that pays new President Gwendolyn Boyd $300,000 annually.
The board, including Gov. Robert Bentley, approved the contract unanimously Friday. It includes benefits, such as a president's home.
University spokesman Ken Mullinax said Boyd will start Feb. 1. She has been executive assistant to the chief of staff of the Applied Physics Lab at John Hopkins University.
She replaces Joseph Silver, who left in late 2012. He had an annual salary of $325,000, but only served a few months.
A search committee has released the names of four finalists seeking the presidency of Alabama State University.
The list made public Wednesday includes state Sen. Quinton Ross of Montgomery and Gwendolyn Boyd of Montgomery, who had a long career at John Hopkins University.
The other finalists include retired Brig. Gen. Samuel Nichols of Virginia, a former deputy commander at Guantanamo Bay, and the business dean at George Mason University, Jorge Haddock.