Cincinnati Children’s names chief financial officer
Experienced finance executive Paul Jenny hired by academic medical center
Monday, December 14, 2020
Cincinnati Children’s has hired Paul Jenny to serve as senior vice president and chief financial officer of the medical center. He will report to president and CEO Michael Fisher.
Jenny, who currently is senior vice chancellor for finance and administration at the University of California, San Francisco (UCSF), will join Cincinnati Children’s on Jan. 25.
“Paul brings a unique mix of strategic and business acumen, strong execution skills, sophistication, approachability, genuine humility and a deep commitment to children and community – all of which makes him a great fit for our organization,” Fisher said.
Jenny will succeed Mark Mumford, who had been CFO since 2013. Mumford left Cincinnati Children’s in August to become chief executive officer of a children’s hospital in Delaware.
At Cincinnati Children’s, Jenny will oversee finances for an academic medical center with annual operating revenue of about $2.6 billion. With a workforce of more than 16,000, the hospital is the region’s second-largest employer.
Cincinnati Children’s, which draws patients from throughout the world, is known for family-centered care, superior outcomes and innovative research.
“My goal is to provide a firm financial platform so that Cincinnati Children’s can continue its amazing success, deepening our understanding of children’s health and providing the highest-quality patient care for generations to come,” Jenny said. “And I’m eager to help support and grow its extraordinary research enterprise, which has a national and global profile.”
Jenny has overseen finances for UCSF since June 2016. The university is an $8 billion nonprofit enterprise with about 64% of its revenue coming from clinical services and nearly 25% through grants and contracts.
In addition, Jenny was interim CFO and executive vice president of the University of California (UC) system for Fiscal Year 2020. In that role, he provided oversight for financial and capital management for the 10 UC campuses, five medical centers and the Lawrence Berkeley National Lab.
“I am impressed with his ability to navigate and steward the financial challenges and investment opportunities that large, complex institutions encounter,” Fisher said. “And I know he will bring that agility, savvy, vision and mission-oriented focus to Cincinnati Children’s.”
Mark Jahnke, chair of the Board of Trustees at Cincinnati Children’s, described Jenny as a highly accomplished executive and CFO. Jahnke also noted that Jenny is a strong advocate for diversity, equity and inclusion.
“He is a thoughtful communicator with a history of building valuable relationships with faculty, staff, political and community leaders, as well as a broad range of partners,” Jahnke said. “Our board looks forward to working with him.”
Before joining UCSF, Jenny served as the senior vice president of planning and management at the University of Washington and as associate vice chancellor of budget and resource planning at UC Berkeley. He has also held leadership positions at the University of Alaska and the Brookings Institution.
Jenny earned a master’s degree in business administration from Loyola University New Orleans in 1999, and he received a bachelor’s in economics from the University of Washington in 1992.