As expected, the University of California’s Board of Regents today voted unanimously to appoint Mark G. Yudof as the system’s next president. Mr. Yudof’s total annual compensation will be $828,000 in his first year on the job, including a $591,084 base salary, supplemental pension payments, and a car allowance, according to a university news release.

In a brief statement to regents, Mr. Yudof said he took the job because the university system is the “premier public university in the world.” But it also faces many challenges, he said, noting that budget, morale, and other problems are inevitable at such a large system.

“There are always crises,” said Mr. Yudof, currently chancellor of the University of Texas system, but “it will all work out.” —Paul Fain