OAKLAND, Calif., April 3, 2013 /PRNewswire/ -- Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc. and its health plan subsidiaries today announced Jeff Epstein, former executive vice president and chief financial officer of Oracle, will join its boards of directors.
"We are honored to welcome Jeff Epstein to our boards," said current President and recently named next Chairman and CEO, Bernard J. Tyson. "Jeff is a respected leader with proven expertise in finance, technology and global operations, and he demonstrates a passion for making high quality and affordable care available to all Americans. I look forward to working with Jeff and our boards as we move forward on the full implementation of health care reform."
Epstein comes to Kaiser Permanente with more than 20 years of finance experience and a successful track record in business management. As CFO of Oracle, one of the world's largest and most profitable technology companies with a market value of more than $100 billion, he was responsible for finance, the controller's office, finance operations, tax, treasury, real estate, investor relations, audit and customer leasing.
After Oracle, Epstein became an operating partner at Bessemer Venture Partners and a senior advisor at Oak Hill Capital Partners."High-quality, affordable health care is a priority for my family, and for every family in America," Epstein said. "For more than 60 years, Kaiser Permanente has invested in the medical expertise, technology and scale to improve the health and lives of its members. I'm delighted to join the boards of directors to continue Kaiser Permanente's commitment to coverage and care for its more than 9 million members for many years into the future." Prior to joining Oracle in 2008, Epstein served as chief financial officer of several public and private companies, including DoubleClick (sold to Google), King World Productions (sold to CBS) and Nielsen's Media Measurement and Information Group. Earlier in his career, he was an investment banker at The First Boston Corporation.