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New CEO Schramm signs Rice contract of $250K

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WILLMAR -- Michael Schramm signed a contract Wednesday, officially becoming the new chief executive of Rice Memorial Hospital.

The employment agreement gives him a $250,000 annual salary, plus an annual performance incentive of $10,000 this year and $20,000 in following years.

Schramm, 38, was selected last month for the top position at the city-owned hospital. He has been the chief executive at Meeker Memorial Hospital in Litchfield for the past seven years.

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