UNC-Chapel Hill has inked a contract with R. William Funk and Associates, a Dallas-based headhunter who will be paid $90,000 plus reimbursement for expenses related to the process, Jane Stancill reports.

The panel interviewed three consultants during a marathon session Oct. 16. They settled on Bill Funk, who is well known in higher education circles and was dubbed "the matchmaker" in a Chronicle of Higher Education cover story in 2005. He has conducted more than 250 searches in higher education, including searches for 70 sitting presidents, he said.

Funk said he would visit the campus and talk to key groups to find out what the university needs in its next leader. During the interview, he promised to deliver impressive candidates. "We're looking for a big-time player," he said.

More after the jump.

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