The founder of Tritons health systems said on Friday he has been offered $1 million severant after he took a job at the company’s headquarters in Reno, Nevada.
Tritonia CEO and president Richard Kranz said he received a severance of $1,400,000 for the last two years, the first such severance in company history, when he left the company in May, but it has not been shared publicly.
Kranza said he would continue to serve as the chief operating officer of Troms operations.
“I will not be stepping down,” Kranzi said in a statement.
“It is my expectation that my continued leadership and leadership on Tromso will lead to greater success for our clients.”
Kranze said the severance payment was part of the terms of the severing arrangement with the Nevada Health Care Board.
“As I said from the beginning, I was very excited about the opportunity to return to my home in Las Vegas to work in a company that had so much potential and I’m excited to be a part of it,” he said.
“However, the time I have spent away from Tromsy, and with the rest of my family, I’m looking forward to continuing to focus on Tritonic’s health care and wellness programs.”
Krantz also said he had left Tritony to pursue other opportunities.
“Triton is very much in the health care space and it is a great opportunity to work with some of the leading healthcare companies in the world and explore the next generation of technology and healthcare,” Krantze said.