Severance for Fired CaroMont CEO Could Reach $1.2M

Gastonia, N.C.-based CaroMont Health fired its President and CEO Randall Kelley yesterday, and the former executive could be reaping a severance package of almost $1.2 million, according to a Gaston Gazette report.

CaroMont's board voted to fire Mr. Kelley in an 8-2 decision. Mr. Kelley oversaw the health system's "Cheat Death" slogan and campaign that was ultimately retracted. Under his watch, the health system also butted heads with local physicians, who called Mr. Kelley's leadership "disconnected, adversarial and close-minded."

Mr. Kelley officially joined CaroMont in January 2012, and between January and June of that year, he made $293,651 in base salary, putting his annual salary at roughly $587,000, according to the report. It's expected Mr. Kelley will receive at least two full years of salary and six months of health coverage as part of his severance package, which would put the total deal at roughly $1.2 million.

More Articles on Hospital Executive Severance:

How California is Reforming Hospital CEO Pay
Parkland Memorial in Dallas Pays Former CMO $487k in Severance
Should Hospital Execs Receive Severance on Voluntary Resignation?

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars