Hance to Serve as Chancellor Emeritus in 2014
Under a three year contract, Hance will teach a seminar class and remain involved in fundraising and governmental relations.
Dec. 20, 2013 | Written by Randy Sanders
Chancellor Kent Hance and the Texas Tech University System Board of Regents have agreed to continue the retiring chancellor’s association with the TTU System as chancellor emeritus after the board selects the next chancellor in 2014.
Hance announced at the October meeting of the Board of Regents that he would retire from his chancellorship when the still-to-be-named chancellor is in place.
Board Chairman Mickey Long of Midland said today (Dec. 20) that Hance, as chancellor emeritus, will report directly to the next chancellor and maintain an office in Lubbock.
“Kent Hance has been an asset to Texas Tech University for many years and an ardent champion of the Texas Tech University System and its component institutions during his tenure as chancellor,” Long said. “We look forward to continuing this prosperous and productive relationship.”
Hance will continue to teach his popular leadership class on the Texas Tech University campus.
Under the direction of the next chancellor, Long added, Hance also will be involved in fundraising and governmental relations in both Washington, D.C. and Austin. His contract is three years and $240,000 annually.
“Kent has raised hundreds of millions of dollars for Texas Tech and will continue to do so,” Long said. “The regents believe that keeping Hance in a fundraising role is a tremendous investment for the future of the Texas Tech University System and higher education in Texas."
Long also acknowledged Hance’s personal contributions to Texas Tech University.
“During his seven-year tenure as chancellor he has personally given or committed more than $8 million to his alma mater,” Long said.
Since Hance became chancellor in December 2006, the TTU System has grown from two institutions to four with the addition of Angelo State University and the newly formed Texas Tech University Health Sciences Center at El Paso.
Construction projects, either completed or under way, total more than $700 million since his arrival at the TTU System, and enrollment in the TTU System universities has increased by more than 45 percent.
In September 2010, Hance and the TTU System launched a capital campaign that raised $1.069 billion—the most successful financial campaign in the history of the TTU System.
About the Texas Tech University System
The Texas Tech University System is one of the top public university systems in the state of Texas, consisting of four component institutions and operating at 12 academic sites and centers. Headquartered in Lubbock, Texas, the TTU System has an annual operating budget of $1.7 billion and approximately 17,000 employees focused on advancing higher education, health care, research and outreach.
In 2012, total research expenditures approached $200 million and total enrollment exceeded 43,700 students for the first time in the TTU System’s history. Whether it’s contributing billions of dollars annually in economic impact or being the only system in Texas to house an academic institution, law school, and medical school at the same location, the TTU System continues to prove that anything is possible.