The Lawrence Memorial Hospital Board of Trustees conducted its annual evaluation of LMH President and Chief Executive Officer Gene Meyer Wednesday morning.
The board awarded him a 3 percent raise, taking his annual salary to $422,224. The 3 percent was the same percentage increase given to general employees.
The board consulted several independent compensation studies in determining the appropriate pay for Meyer.
“It is essential that our CEO’s pay is competitive,” Joe Flannery, board chairman, said in a press release. “In these difficult times, we must have a leader who can guide the organization and continue to produce results. Lawrence needs a strong hospital, and Gene can help ensure that we stay a strong hospital.”
Meyer has served in his position since May 1997. He has nearly 20 years of experience as a hospital CEO. He serves as a member of the American Hospital Association’s Regional Policy Board.