King will begin his new role at the Houston-based health system effective October 1.
Memorial Hermann Health System announced Alec King as its new CFO Friday afternoon.
King, who previously served as CFO of Children's National Health System in Washington, D.C., will begin his new role at the Houston-based health system effective October 1.
King will succeed Brian Dean, who has been the system's CFO since 2018. Cindy DeMoya, Chief Accounting Officer of Memorial Hermann, will serve as interim CFO until King assumes the position this fall.
"For many years, I have admired the extraordinary work being done at Memorial Hermann and am thrilled to be joining one of our country's premier health systems," King said in a statement. "I am equally as excited to return to Texas and again play a role in delivering essential and exceptional care throughout Greater Houston."
King's announcement comes as Memorial Hermann, a 17-hospital system based in Houston, deals with a surge of coronavirus disease 2019 (COVID-19) cases.
"In this time of rapid change and uncertainty for the future of health care, Alec brings an admirable level of experience and performance Memorial Hermann strives to embody for its employees, patients and community," Dr. David L. Callender, CEO of Memorial Hermann, said in a statement. "His strategic leadership will allow us to support the long-term needs and goals of our health system in a transformational way. We are incredibly pleased to have Alec join Memorial Hermann and help ground our vision with fiscal and operational strength."
Jack O'Brien is the finance editor at HealthLeaders, a Simplify Compliance brand.
Photo credit: Houston, Texas, USA - September 22, 2018: Sign of Memorial Hermann in Houston, US. Memorial Hermann–Texas Medical Center is a nationally ranked hospital at the Texas Medical Center. / Editorial credit: JHVEPhoto / Shutterstock.com