Penn State Hershey appoints new chief financial officer

Penn State Milton S. Hershey Medical Center has selected Stephen Massini, CPA, to serve as the Medical Center's new chief financial officer, effective April 20.

Massini joins Penn State Hershey from Geisinger Health System, where he has worked since 2010. He first joined the organization as chief financial officer of the Geisinger Clinic in Danville and was promoted to chief administrative officer in 2014.

As a member of Geisinger's executive leadership team, Massini was directly involved in the review and approval of all system strategies, major capital expenditures, mergers and acquisitions and other key system initiatives.

From 1997-2009, Massini held various leadership positions within the Highmark family of companies. His roles included executive vice president and chief financial officer of HVHC, a subsidiary of Highmark focused on providing vision services, including retail optical stores and insurance products. In this role, he was responsible for all aspects of finance, including accounting and financial reporting, treasury, corporate development, financial planning and analysis, tax, and investor relations. He managed three separate divisional CFOs and a combined staff of 75 finance professionals.

He also served for five years as director of Mergers & Acquisitions and Investor Relations for Highmark Blue Cross Blue Shield form 1997 to 2002. Massini's resume also includes 12 years of experience with the public accounting and auditing firm Ernst and Young.

Massini is a Penn State alumnus, having received his bachelor's in accounting with honors in 1985. He is a certified public accountant and a member of the Healthcare Financial Management Association (HFMA).

Massini and his wife, Shari, who is also a Penn State graduate, live in Harrisburg.

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