Former Sanford CEO Receives Over 49 Million In 2020 Severance, Payouts

(Sioux Falls, SD) — IRS documents show that former Sanford Health CEO Kelby Krabbenhoft received more than 49-million dollars in severance and payouts in 2020. The IRS filing was released yesterday afternoon and documented Krabbenhoft’s salary, incentive-based pay, severance, and lump-sum payouts from retirement plans paid in 2020. Krabbenhoft left Sanford last year after leading the organization for nearly 25 years.

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