WGLT As ISU President Larry Dietz prepares to retire at the end of June, the presidential search committee has settled on a candidate to succeed Dietz to bring to the Board of Trustees for approval. Illinois State University will announce its next president on Friday at a special board of trustees meeting. The proposed annual salary for the new president will be $375,000. The four-year contract also includes retirement contributions, use of a vehicle and the university residence, and other customary items such as a country club membership that are valued at more than $49,000 per year. Unlike past presidential hires, the campus community does not know the field of finalists. ISU has traditionally scheduled public presentations by finalists for high-level positions before a number of campus constituencies. The past rationale for that included getting feedback from stakeholders, and because ISU is a public institution and there is a need to be as transparent as possible.