Columbia, Mo. The University of Missouri Board of Curators voted to extend the contract of system president Manuel Pacheco, who agreed to stay.
Behind closed doors, the nine-member board voted unanimously Thursday to extend Pacheco's contract to September 2003. Pacheco had been planning on leaving next year.
Board president Paul Steele announced the decision at a public meeting after the vote.
Pacheco, 60, said he wanted to keep working on the university system's strategic plan, to increase the amount of federal money received for research, and to help manage the effect of the economy on the system.
In August, Pacheco has said he was retiring to pursue personal interests, including research on language acquisition. He earned his doctorate in foreign language education at Ohio State University.
Pacheco earns $250,000 a year running the university system, a job he has had since August 1997.
The University of Missouri system is comprised of campuses in Columbia, Kansas City, Mo., Rolla and St. Louis and an extension division. Pacheco lives in a home owned by the system.
Pacheco is credited with helping to increase the university's federal research funding and develop a plan to make the system a nationally recognized, student-centered research university.
A native of Colorado, Pacheco came to Missouri after serving six years as president of the University of Arizona. He signed a four-year contract with the University of Missouri that was extended to a fifth year this past March.