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July 27, 2017 01:00 AM

Banner Health nabs Memorial Hermann's Laraway as new CFO

Dave Barkholz
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    Banner Health has named Dennis Laraway as its new chief financial officer.

    Laraway, who has been CFO at Memorial Hermann since 2011, will join 28-hospital Banner at the end of September, said Alex Loessin, Memorial Hermann vice president of communications.

    For Laraway, it's a return to Phoenix. He served as CFO of St. Joseph's Hospital and Medical Center in the city from 2002 to 2006, Banner said in a release Wednesday.

    Laraway is one of several Memorial Hermann senior executives leaving Houston's largest healthcare system following the sudden resignation in June of CEO Dr. Benjamin Chu.

    Chuck Stokes, Memorial Hermann's number two executive for the last year, was named the new permanent CEO earlier in July.

    The health system is also losing Christopher Lloyd, CEO of Memorial Hermann's physician network, Craig Cordola, a regional vice president, and human resources chief Jim Garman.

    Cordola is leaving next month to lead Ascension's Texas regional hospital network, Loessin said.

    "Career moves by top leaders to other signature health systems speak volumes about the caliber of talent we have at Memorial Hermann," Stokes said. "While we will miss the contributions of these individuals to the organization, I'm incredibly proud of all they accomplished and I wish each of them the very best."

    In May, Banner eliminated its chief adminstrative officer post and consolidated more responsibities with chief operating officer Becky Kuhn.

    The system, with operations in Arizona, California, Colorado, Nebraska, Nevada and Wyoming, also consolidated hospital president jobs early in 2017.

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        • - Hospital of the Future (Fall)
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