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Not-For-Profit Health System Lifespan to Welcome Markell as New CFO

Analysis  |  By Amanda Schiavo  
   January 18, 2023

Peter Markell will begin his tenure as Lifespan’s CFO effective January 30, 2023.

Lifespan, a not-for-profit health system based in Providence, Rhode Island, with 719 beds and over $2 billion in total revenue, has appointed Peter Markell as the new vice president and chief financial officer for the organization—effective January 30, 2023.

Markell will work closely with the organization’s newly appointed president and chief executive officer, John Fernandez.

Markell’s previous experience includes time as the executive vice president of administration and finance, and chief financial officer and treasurer at Mass General Brigham. He was an executive there from 1999 until his retirement in 2021.  While at Mass General he oversaw $14 billion in operations with assets of approximately $21 billion and managed teams within the areas of corporate finance, research management, information systems, real estate, treasury, and human resources. 

"The recruitment of Mr. Markell is one of John Fernandez’s first successes, as Peter’s expertise will be an asset to Lifespan’s long- and short-term financial and operational success," Lifespan Interim President and CEO Arthur Sampson said in a release. "He brings a strong balance of financial and administrative management to Lifespan. Mr. Markell will provide key counsel to the incoming CEO and board of directors on strategic planning and direction as the system rebuilds from COVID's financial and operational impact." 


Amanda Schiavo is the Finance Editor for HealthLeaders.

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