The former vice-chancellor of the crisis-hit University of East Anglia got a payout of nearly £100,000 when he resigned, it has been revealed.
David Richardson stepped down with immediate effect in February when it emerged that the Norwich institution faced a £45 million deficit over the next three years. He said that the time had come “for me to step away so that UEA can develop a new long-term vision to take it forward”.
Now UEA’s annual accounts have revealed that Professor Richardson left with a £97,000 pay-off equivalent to six months’ salary in lieu of notice.
A UEA spokesperson said the payment was in line with Professor Richardson’s contract, meaning he received a final pay package of £371,000 for the seven months he served as vice-chancellor last year.
