HMH selects Allen to succeed Glenning as chief financial officer

Michael Allen has been named the new chief financial officer at Hackensack Meridian Health, where he will succeed Bob Glenning, who is retiring after 18 years.

The appointment is effective Dec. 9.

Allen will oversee the financial services, revenue operations, purchasing and materials management, and investment management teams. In this role, Allen will manage HMH’s short- and long-term financial plans, serve as a strategic business partner to the CEO, and advise the board of trustees on all financial-related matters.

“I am thrilled to welcome Mike to Hackensack Meridian Health,” HMH CEO Bob Garrett said. “His extensive experience and proven track record of success make him the ideal leader for our financial services team and to shape our network’s future strategy and growth agenda.”

Allen brings more than 35 years of experience in business and health care, including 28 years as a CFO for health systems. He most recently served as CFO of OSF Healthcare System, where he oversaw all financial operations and led a team of 1,600 finance professionals. During his tenure, he also served as a voting committee member of the $250 million venture fund OSF Ventures, which achieved an impressive internal rate of return exceeding 25% on portfolio exits.

Allen holds a master’s degree in healthcare administration from the University of Minnesota and a Bachelor of Science from Illinois State University. He is a dedicated volunteer leader for the Healthcare Financial Management Association, recently serving as Chair of the Board.

“I am honored to join Hackensack Meridian Health and contribute to its continued success,” said Allen. “I look forward to working with the talented team at HMH to build upon its strong financial foundation and drive future growth.”