A long-time Iowa State University employee will now lead the school and make history at the same time. The Iowa Board of Regents selected Wendy Wintersteen as the school's next president Monday. She'll be the school's first female president. Wintersteen begins her duties as November 20th. She'll be paid $525,000 her first year, with raises to $550,000 and $590,000 the next two years. She'll also receive deferred compensation worth $475,000. Wintersteen replaces Steven Leath, who resigned from ISU in March to become president of Auburn University. Former ISU administrator Ben Allen had served as interim president.