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UAB appoints Stephanie Mullins vice president for finance with pay increase and five-year supplemental retirement

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Summary

The Compensation Committee approved the appointment of Stephanie Mullins as UAB vice president for finance with a base salary increase to $442,728 effective April 15, 2025, and a $50,000-per-year supplemental retirement payment for five years starting Dec. 31, 2025.

The University of Alabama Board Compensation Committee approved the appointment of Stephanie Mullins as vice president for finance at the University of Alabama at Birmingham, with a base salary increase and a supplemental retirement payment.

Janet May, UAB chief human resources officer, presented the item. May said Mullins, a UAB employee since 1999, served in multiple senior financial roles and began an interim vice president for finance role on Dec. 1, 2024, after the departure of Dr. Brian Burnett. UAB President Ray Watts evaluated the position and determined a structural change was appropriate, splitting the former senior vice president role into two positions; Mullins was recommended for the vice president for finance role.

The approved compensation package sets Mullins’s base salary at $442,728 per year effective April 15, 2025. Mullins will also receive a supplemental retirement payment of $50,000 per year for five years, with the first payment on Dec. 31, 2025; the supplemental retirement is eligible for renewal after the final payment on Dec. 31, 2029. At the time of presentation, Mullins’s then-current base salary was $402,480 per year.

The committee moved and seconded the item, heard congratulatory remarks, and approved the appointment and compensation by voice vote.

Why it matters: The approval formalizes a reorganized finance leadership structure at UAB and provides details of compensation and supplemental retirement that will affect UAB’s senior administration payroll and budgeting.

Trustees offered congratulatory remarks to President Watts for his selection; no changes to terms were made in committee. The item passed by voice vote and will proceed through UAB and system HR for contract execution.