Spellings chosen president of UNC System

CHAPEL HILL (AP) — Former U.S. Secretary of Education Margaret Spellings has been selected to serve as the next president of the University of North Carolina System.

Spellings, 57, was the unanimous selection of the Board of Governors and its search committee. She was one of four finalists selected from 14 candidates.

She said she is excited about moving to North Carolina and that all of her formal education is in public schools.

Spellings, who currently serves as the director of the George W. Bush Center in Texas, will succeed Tom Ross. She served as education secretary under President Bush from January 2005 until January 2009. She held other positions in the Bush administration, as well as under Bush when he was governor of Texas.

She will receive a five-year contract with a base salary of $775,000 and other benefits. Spellings will start on March 1, 2016.

Wilmington attorney Thom Goolsby, a former state senator, was one of two members of the Board of Governors to vote against the terms of the contract for Spellings.