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BLOOMINGTON – Indiana University is clearly satisfied with the job President Michael A. McRobbie is doing.

The university announced a three-year extension that will keep McRobbie at IU until 2020. The contract also changed the parameters of his performance bonus deal to a maximum of 20 percent of his salary. The previous deal had included a maximum of 15 percent.

McRobbie joined the university in 2007, when he signed a five-year contract to become IU’s 18th president. In December 2009, trustees voted to extend his contract for another five years through 2017. That extension cited McRobbie’s excellent performance as president.

The agreement means McRobbie will be with the university as it celebrates its bicentennial during the 2019-2020 academic year.

In a statement, McRobbie said he’s “honored and delighted that the trustees have demonstrated their confidence and satisfaction in my work as president of Indiana University by extending my appointment.”

He also said he’s grateful for the opportunity to lead a variety of campus projects over the next few years.