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Former VP of Finance Promoted to CFO at Centerstone

Analysis  |  By Amanda Schiavo  
   August 04, 2022

Carol Bean became CFO for the non-profit addiction treatment system on August 1, 2022.

Centerstone, a Nashville-based nonprofit health system providing mental health and substance use disorder treatments with close to $300 million in revenue per year and over 5,000 staff—has promoted vice president of finance and assistant treasurer Carol Bean to the role of chief financial officer.

"Carol has always excelled at every facet of financial business and leadership here at Centerstone, and I’m excited to have her taking on the CFO role," David Guth, Centerstone’s chief executive officer, said in a release announcing the promotion. "She has the experience and knowledge required to help our organization continue growing and serving communities."

Bean, who holds a Master of Business in administration from the University of Phoenix and a Bachelor of Science in business administration, and accounting from East Tennessee State University, joined Centerstone in 2014 as assistant corporate controller, quickly moving up the ranks to director and vice president positions. As CFO she will oversee the organization’s revenue and lead a finance team of 225 professionals, including those working in financial planning and analysis, accounts payable, accounts receivable, procurement, and payroll. Bean will also work alongside Centerstone’s chief information officer to have oversight of Centerstone’s information technology department.

"I feel blessed to be part of an organization that does such important work, especially with the current national focus on mental health," Bean said in the release. "Being able to serve alongside our staff to champion our noble purpose of delivering care that changes people’s lives motivates me every day. We have a very experienced group of finance professionals at Centerstone, and I look forward to leading the team."


Amanda Schiavo is the Finance Editor for HealthLeaders.

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