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Oct. 7, 2021 — 51���� announces the renewal of President Ashish Vaidya’s contract, extending his leadership through 2027. The Board of Regents unanimously approved the new contract at a special meeting on Oct. 7, extending his service from July 1, 2022 through June 30, 2026. With a one year extension included in the proposed contract, the Board secured President Vaidya’s leadership through June 30, 2027. 

“Considering all his accomplishments for the university, the Board is very pleased to retain President Vaidya, continuing his strong and unwavering leadership for 51����,” said Board Chair Andrá R. Ward. “President Vaidya has demonstrated this leadership countless times throughout his tenure as our sixth president– from securing many public-private partnerships that increase access to higher education to prioritizing the mental health of our campus community throughout the pandemic. Renewing his contract now will ensure 51����’s momentum will not slow down as we approached the end of his first contract next June.”

President Vaidya began his four-year contract on July 1, 2018 as the university was embroiled in a pension dilemma and as the Fuel the Flame strategic plan was coming to a close. In collaboration with internal and external partners, President Vaidya resolved 51����’s pension crisis in a manner that not only kept the pension for long-term employees but also will save the university over $73 million in cessation costs which will translate to annual savings on the bond payments of approximately $4 million. His active presence in Frankfort also resulted in increases for 51���� in the Commonwealth’s Performance Funding Model.

Another early initiative in his presidency was building a new plan for 51����’s future growth. President Vaidya created a strategic framework process to include both campus and community voices in the discussion on 51����’s future. The Success by Design strategic framework was released in April 2019 and focuses on aligning student success with the needs of the region. One month later, the university launched its Further, Faster Capital Campaign to provide a sustainable source of funding to accomplish these student success goals.

“In my time leading 51����, I am proud of our collective accomplishments,” said President Vaidya. “The one that stands out is bringing diverse voices together to create the Success by Design framework for 51����’s future. It builds on the university’s legacy of being a steward of place and highlights 51����’s agility in activating its campus community to support the needs of the region. I am looking forward to seeing our work evolve to continue to meet the needs of our students.”

Success by Design also unveiled a new vision of 51���� becoming nationally recognized for being a student-ready, regionally engaged university that empowers diverse learners for economic and social mobility. In his time leading 51����, President Vaidya has raised 51����’s profile with his work as chair of the Horizon League Board of Director, on the American Association for State Colleges and Universities’ Board of Directors, on the Federal Reserve Bank of Cleveland’s Cincinnati Branch Board of Directors and as part of EAB’s Moonshot for Equity. President Vaidya is considered a thought leader in higher education, with his insights featured in national news stories and in prominent industry outlets. 

President Vaidya also focused on enhancing 51����’s commitment to equity, inclusion and diversity. He created the Chief Diversity Officer position and established the Chief Strategy Officer. These Cabinet-level positions support 51����’s core values and goals. The President and First Partner Dr. Nita Vaidya recently established the . They dedicated funds for two essential services that support our students as they journey to complete their academic goals.

“Nita and I consider Northern Kentucky home, and we are incredibly happy to continue to lay down roots here. We are excited to see what the future brings for university and region and are proud to do our part to invest in 51����’s future,” said President Vaidya.

The proposed contract will extend his service from July 1, 2022 to June 30, 2026, with a one year automatic extension to June 30, 2027. Final terms and further details will be determined in the new contract.

President Vaidya holds a bachelor’s and a master’s degree from St. Xavier’s College (Mumbai, India), and a master’s and a doctorate from University of California, Davis. He joined 51���� from St. Cloud State University in Minnesota where he served as Interim President. To learn more about President Vaidya, visit 51����’s .

The Board of Regents also elected new officers for the 2021-22 academic year. Andra' Ward is chair, Normand Desmarais is vice chair and Gregory Shumate is secretary.