OAKLAND, Calif., April 3, 2013 /PRNewswire/ -- Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc. and its health plan subsidiaries today announced Jeff Epstein, former executive vice president and chief financial officer of Oracle, will join its boards of directors.
"We are honored to welcome Jeff Epstein to our boards," said current President and recently named next Chairman and CEO, Bernard J. Tyson. "Jeff is a respected leader with proven expertise in finance, technology and global operations, and he demonstrates a passion for making high quality and affordable care available to all Americans. I look forward to working with Jeff and our boards as we move forward on the full implementation of health care reform."
Epstein comes to Kaiser Permanente with more than 20 years of finance experience and a successful track record in business management. As CFO of Oracle, one of the world's largest and most profitable technology companies with a market value of more than $100 billion, he was responsible for finance, the controller's office, finance operations, tax, treasury, real estate, investor relations, audit and customer leasing.
After Oracle, Epstein became an operating partner at Bessemer Venture Partners and a senior advisor at Oak Hill Capital Partners.
"High-quality, affordable health care is a priority for my family, and for every family in America," Epstein said. "For more than 60 years, Kaiser Permanente has invested in the medical expertise, technology and scale to improve the health and lives of its members. I'm delighted to join the boards of directors to continue Kaiser Permanente's commitment to coverage and care for its more than 9 million members for many years into the future."
Prior to joining Oracle in 2008, Epstein served as chief financial officer of several public and private companies, including DoubleClick (sold to Google), King World Productions (sold to CBS) and Nielsen's Media Measurement and Information Group. Earlier in his career, he was an investment banker at The First Boston Corporation.
Epstein also serves on the boards of directors of Priceline.com, Shutterstock and Global Eagle Entertainment, and the management board of the Stanford University Graduate School of Business.
Epstein, 56, holds an MBA from the Stanford University Graduate School of Business, where he was an Arjay Miller Scholar, and a bachelor of arts degree from Yale College, where he graduated summa cum laude, Phi Beta Kappa.
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, our mission is to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve more than 9 million members in nine states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: kp.org/newscenter.
For more information:
Kaiser Permanente National Media Hotline, 510-271-5953
SOURCE Kaiser Permanente