Salinas Valley Memorial officials said the amounts where in line with industry benchmarks, according to the report. The health system was under fire last April after it gave former CEO Sam Downing a $4 million retirement package on top of his $150,000-per-year pension.
Three other executives will also receive supplemental retirement payments. Total retirement figures for all five retiring Salinas Valley Memorial executives include the following:
• John Fletcher, CFO: Pension will be more than $108,000 per year with a $1.08 million lump sum payment.
• Frank Katsuda, vice president and controller: Supplemental pension of $5,029 per month (no lump sum).
• Elizabeth Lorenzi, vice president for business and physician integration: Pension will be more than $54,000 per year with a $357,873 lump sum payment.
• David Perrott, MD, CMO: Pension will be more than $50,000 per year with a $371,194 lump sum payment.
• Beverly Ranzenberger, vice president of operations: Pension will be $97,500 per year with a $1.33 million lump sum payment.
Related Articles on Hospital Executive Retirement Payments:
Southwest Ohio Hospital CEOs Pull in Seven-Figure Paychecks in 2009, 2010
Northwestern Memorial CEO Dean Harrison Made $9.7M in 2010
Georgia Non-Profit Hospital CEOs Rake in Million-Dollar Compensations
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