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Jennings and his wife, Patsy, have been married for 44 years. They are members of the First United Methodist Church of Marietta, where he is immediate past chair of the Church Council and Patsy is a member of the altar guild. The couple has three children and seven grandchildren, all of whom live in Cobb County.
Annual pay for new WellStar CEO
"A letter of intent is non binding, but at the same time it is showing us a step closer to us possibly acquiring the nine member firm," Bentley said. "I like to compare it to an engagement."
The contract pays an annual base salary of $975,000, in addition to a bonus that could range from 35 to 65 percent of his annual salary, depending on his performance, Bentley said.
long term disability benefits.
By comparison, Bentley said WellStar's last CEO, Dr. Greg Simone, earned a base salary last year of $900,000.
Annual automobile allowance: $12,000.
Annual cell phone allowance: $2,400.
Annual physical exam allowance: $800. Because Jennings has existing medical and dental coverage and did not want to participate in the benefit plan offered by WellStar, WellStar will also pay him an annual $12,000 allowance for this reason.
In other business, the board unanimously voted to sign a letter of intent with Solaris Heart Vascular, a nine member physician's group with offices in Marietta and Woodstock, to join the 350 doctor WellStar Medical Group.
Jim Budzinski, who has served as WellStar's interim CEO since the board abruptly fired Simone in September, and who also applied for the CEO position, now returns to his role as executive vice president and chief financial officer.
Before you start complaining about salary, do a comparison with other CEO's of other health systems and you'll see that it is on par, along with the perks. If you want to attract the best, expect to pay for it. As the old saying goes, you get what you pay for. And his salary is not the reason why our health care costs so much. Our health care costs so much because we provide futile care in so many instances, because patients come back over and over again because of non compliance. One CEO's salary is not going to bankrupt our system.
Thirty annual paid vacation days, in addition to six holidays.
"We're very excited to have someone of his talent and his capability, someone that's within our community, someone that understands what it takes to take our system to a new level," board chairman Randall Bentley said. "We're very, very excited."
MARIETTA WellStar Health System's Board of Trustees selected Reynold J. Jennings of Kennesaw as the system's next president and CEO for an annual base salary approaching $1 million on Thursday.
Payment for time lost from a serious health condition with proper medical certification.
of Dalton, Jennings, 65, had his first job after earning a degree in pharmacy at the University of Georgia working for former Marietta Mayor Bill Dunaway at the Dunaway Drugs in his hometown. As chief operating officer of Tenet Healthcare from February 2004 to December 2006, Jennings was responsible for operations of Tenet's 69 core acute hospitals and other facilities in 13 states. He spent a total of 10 years with Tenet holding various positions, including vice chairman of Tenet Healthcare Corporation from January to August 2007.
The board selected Jennings as the sole finalist for the position on Aug. 4. Because WellStar is a public agency, it is subject to the Open Records Act, which requires the organization to name any CEO finalist 14 days in advance of a vote to hire him. Last fall, the board paid $225,000 to Oak Brook, Il. based executive search firm Witt/Kieffer, who found Jennings, Bentley said.
The contract also provides for life insurance, a retirement savings plan and Air Max Zero On Foot
it just seems awfully coincidental that the board gave him a 3 year deal and the internal CFO didn't get it yet. I predict this is a stall for a bait and switch when the PR nightmare of the last year dies down and Jim can resume control. It would have been tainted otherwise.
"It was a hard search," Bentley said. "I mean, I spent a lot of time, and so did members of our search committee. I want to thank them for the time and effort they put in, as well as the other board members as far as taking their valuable time to make sure that a good selection was made and we're Nike Air Max 1 Premium Suede Trainers In Navy in good and capable hands."
Bentley said he didn't yet know the cost WellStar intends to pay for the firm, but the contract finalization was planned for Nov. He's probably fine and was really good in his prime but he's been out of the game several years and he comes from the for profit world entirely different than physician inspired not for profit. Being a pharmacist for a nano second does not a provider make. Not anything against him Nike Air Max 97 New York
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To Bigguy: You obviously don't get it, there is no way you can justify this guy making a Million a year, I don't really care what position he takes at the worst healthcare system in Georgia. And theperks he will be getting is off the scale and at age 65, ridiculas. This is what's taking America down the drain and is unacceptable. He should be offered no more than $250K a year with the same perks as any regular employee and then paid bouses based on HIS performance and that should be capped. So, stop being biased Big guy and wakeup and smell the roses before it's to late.
Other benefits included in Jennings' contract are:
As for loving Piedmont, go for it. See how good of care you get after they've laid off how many nurses and even physicians they've gotten rid of recently. Then come back to Wellstar, and maybe then you'll appreciate the care you receive there.
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