Ascension, one of the nation's leading non-profit and Catholic health systems, today announced that Saurabh Tripathi has been named as Executive Vice President and Chief Financial Officer (CFO), effective today.
This strategic hire follows the retirement announcement of esteemed CFO, Liz Foshage, whose significant contributions throughout her tenure have been instrumental in Ascension’s success. Ms. Foshage will continue as a valued member of the team and serve as co-CFO until September to ensure a seamless transition.
Bringing over 25 years of executive experience from Fortune 50 companies, Mr. Tripathi is well-prepared to lead Ascension’s finance strategy, ensuring it aligns with the organization's overarching Mission and strategic objectives. In his role as CFO, Mr. Tripathi will oversee all financial operations, including financial planning, reporting, tax and treasury functions, and shared services.
“We are thrilled to welcome Saurabh to Ascension as our new CFO. His extensive background and expertise in managing large-scale operations and his visionary leadership are exactly what Ascension needs as we continue to evolve and expand our services,” said Joseph Impicciche, JD, MHA, Chief Executive Officer of Ascension. “His deep industry knowledge and proven ability to deliver substantial financial results will play a pivotal role in driving our Mission forward.”
Mr. Tripathi’s proven track record of leading complex organizations toward operational excellence and robust financial health makes him an ideal fit for Ascension. His previous leadership roles at Highmark Health, Fresenius Medical Care, General Electric, and Procter & Gamble have consistently demonstrated his ability to drive strategic programs and achieve significant business outcomes. As CFO and Treasurer at Highmark Health, Mr. Tripathi was instrumental in leading significant growth initiatives and enhancing healthcare access.
“I am deeply honored to join Ascension and contribute to its noble Mission of providing care to all, with special attention to those most in need,” said Saurabh Tripathi. “I look forward to being an integral part of the leadership team and collaborating with Ascension’s skilled professionals across the system to foster innovation and continue elevating health standards throughout our communities."
Mr. Tripathi holds an MBA in Finance from the University of Leeds in the United Kingdom, as well as a master’s degree and bachelor’s degree in engineering from National Institute of Technology in India, and is a Chartered Institute of Management Accountants (CIMA-operations) certified professional as well as a certified Six Sigma Black Belt.
