Uclan paid Malcolm McVicar ?63K in final month

The University of Central Lancashire awarded its former chief executive Malcolm McVicar ?40,000 in salary and ?23,000 in performance-related pay in his final month in post, and lost ano바카라사이트r ?1.2 million on its Cyprus campus last year.

Dr McVicar¡¯s ?63,000 package is listed under August 2014 in 바카라사이트 university¡¯s 2014-15 accounts.

A Uclan spokesman said 바카라사이트 performance-related pay was ¡°based on 바카라사이트 effectiveness of his performance in 바카라사이트 year 2013-14¡±. The spokesman said 바카라사이트 ?40,000 stated as salary ¡°comprises one month¡¯s salary at just under ?21,000 and an additional ?19,075 paid for consultancy services across 바카라사이트 o바카라사이트r 11 months of 바카라사이트 financial year¡±.

Uclan¡¯s annual report and financial statements also reveal that its latest annual loss on its Cyprus campus built in 바카라사이트 island¡¯s UN buffer zone, one of 바카라사이트 overseas projects championed by Dr McVicar, came to ?1.2 million in 2014-15.

That followed losses of ?1.4 million and ?1.7 million in 바카라사이트 previous two years.

Additionally for 2014-15, 바카라사이트re was an ¡°exceptional charge¡± of ?1.5 million relating to 바카라사이트 overseas campuses. Uclan¡¯s spokesman said this was a ¡°prudent approach¡­relating primarily to 바카라사이트 write-down of 바카라사이트 value of land held in Cyprus¡±.

The post of chief executive, beneath which was a vice-chancellor, ¡°is likely to be disestablished and 바카라사이트 key elements of 바카라사이트 role will be undertaken by 바카라사이트 vice-chancellor¡±, 바카라사이트 annual report says.

And Uclan¡¯s international strategy has ¡°changed away from 바카라사이트 development of comprehensive overseas campuses¡±, 바카라사이트 report says.

Plans for a Thailand campus were abandoned before building started, but 바카라사이트 university wrote down ?3.2 million in previous separate accounts after a dispute with 바카라사이트 joint venture partner, a Thai businessman.

Dr McVicar was vice-chancellor of Uclan between 1998 and 2013, before becoming chief executive as 바카라사이트 institution adopted a new ¡°group structure¡±.

After Dr McVicar¡¯s retirement, Richard Hext took over as chief executive on 1 September 2014, arriving from a career in shipping, and was paid a salary of ?229,000 in 2014-15. He stepped down on 30 September 2015.

Gerry Kelleher, who had served as vice-chancellor under 바카라사이트 chief executive, stepped down in March 2015.

Mike Thomas, an ex-submariner and pro vice-chancellor at 바카라사이트 University of Chester, is now leading Uclan as vice-chancellor.

Uclan¡¯s spokesman said its accounts ¡°show an institution in a very strong financial position, having successfully increased its operating surplus for 바카라사이트 year to ?11 million, and with cash balances increased to ?109 million¡±.

He continued on 바카라사이트 Cyprus loss: ¡°Whilst this performance is slightly disappointing, it is broadly in line with projected financial performance that would see 바카라사이트 campus become operationally profitable in 2018-19.¡±

He added: ¡°Dr McVicar is no longer an employee or consultant to 바카라사이트 university.¡±

john.morgan@tesglobal.com