Hospital Authority Board Approves Transition Package for Former CEO
The Chattanooga-Hamilton County Hospital Authority Board of Trustees today approved a transition agreement for former Erlanger President and CEO Jim Brexler, effective Jan. 1, 2012.
The transition package reflects agreement between the Hospital Authority Board and Mr. Brexler.
Guided by advice from legal counsel and what is in the best interest of the health system, a transition agreement was negotiated with Mr. Brexler. Under the terms of this agreement, Mr. Brexler will receive severance pay for a period of 15 months, beginning on January 1, 2012 and ending on March 31, 2013. The Hospital Authority will also pay the employer portion of Mr. Brexler’s group health insurance premium for eighteen (18) months. The total value of the package is roughly $728,000, to be paid out over the next 15 months.
Speaking on behalf of the Hospital Authority, Board Chairman Ron Loving noted that the Erlanger board is a diverse group that sometimes has differences of opinion. “Today’s vote, which was 5-4 for approval of the package, reflects those differences of opinion,” Mr. Loving said, noting that several trustees made a point of expressing their deep appreciation for the hard work and dedication of the Erlanger staff and physicians at today’s meeting.
“It is important to note that the board is unified in its support of Charlesetta Woodard-Thompson as Erlanger’s President and CEO, and of her plans going forward to improve the hospital’s operational and financial status,” Mr. Loving said.
