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New Erlanger CEO to be paid $680,000, $50k signing bonus

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Erlanger Hospital in Chattanooga. Photo by Doug Strickland / Times Free Press Erlanger Hospital in Chattanooga. Photo by Doug Strickland / Times Free Press
Kevin Spiegel, Erlanger's new CEO Kevin Spiegel, Erlanger's new CEO

CHATTANOOGA, TN (Times Free Press) -- Erlanger's new CEO will make a $680,000 salary and receive a $50,000 sign on bonus, according to the contract unanimously approved Thursday night by the hospital's board of trustees.

Kevin Spiegel will take the helm of Erlanger on April 1 with a contract that will initially run three years, with automatic one-year renewal afterward.

He will make the most of any Erlanger CEO in history -- and about 18 times the average Chattanoogan's pay -- but chief administrative officer Gregg Gentry said the figure hovers below the mid-range of what other hospitals of Erlanger's size and scope are paying their top executives.

The hospital worked with independent compensation experts SullivanCotter and Associates to work out appropriate salary and benefits. CEO salaries across the nation are rising because of the increasing changes and complexities facing the health care industry and higher rates of CEO turnover, Gentry said.

Read more from our news partners at the Chattanooga Times Free Press.

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