CEO: Lisa Shannon
- Total Compensation: $3,079,897
Background
- Shannon has minimal direct healthcare experience. She started her career as a clinical dietitian before moving into leadership roles at Spectrum Health in Grand Rapids, Michigan, OhioHealth in Columbus, and KentuckyOne in Louisville, Kentucky.
- Credits Dr. Penny Wheeler (former Allina CEO) with bringing her to the organization, and who she considers an “exceptional leader, mentor and friend.” Wheeler was the face of the 2016 MNA strike.
- In 2016, Shannon oversaw the University of Louisville Hospital at a time when state inspectors identified deficiencies in nursing services. Healthcare workers, including doctors, criticized hospital executives for instituting layoffs and cuts, which forced the hospital to rely on travel nurses unfamiliar with procedures.
- Shannon is a Board member at elite institutions shaping policy and healthcare: Minnesota Business Partnership, Medical Alley, and the American Hospital Association
CNO: Dr. D’Andre (Dre) Carpenter
- Total Compensation: $264,244 (Carpenter only started in November 2023). His partial year compensation at his last job (through August 2023) was $1,408,207.
Notable Board Members
- Shari Ballard, CEO of Minnesota United Football Club and Former Best Buy Executive
- Jim Kolar, Former PricewaterhouseCoopers Executive
- PwC is one of the “Big Four” accounting firms and the world’s second-largest professional services network.
- Owns an airport hangar in Minnesota and a million-dollar home in Florida, in addition to two houses in Minnesota (Dakota County, Crow Wing County)
- Also serves on the board of Fortune 500 financial services firm, Securian Financial
- David Kuplic, Former Securian Asset Management Executive
- Securian Financial is a Fortune 500 financial services company.
- Previously worked at other elite financial institutions: U.S. Bank, Piper Sandler, and Ameriprise
- Brian McGrane, Former Ameriprise Executive
- Ameriprise is a Fortune 500 financial services firm, overseeing more than $1.4 trillion in assets.
- McGrane highlights his leadership role in negotiating and helping complete mergers & acquisitions on his LinkedIn. Healthcare mergers and acquisitions are big business, however, such deals are increasingly controversial and have spurred regulatory action and legislation as elected officials and community groups have called into question whether these deals serve the public interest. Academic research consistently concludes that consolidation leads to increased prices with little to no improvement in quality.
- Amy Ronneberg, CEO, National Marrow Donor Program (NMDP)
- Despite working for a non-profit, Ronneberg appears to identify as a corporate executive. Here is how she represents herself on LinkedIn: “𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗖-𝗦𝘂𝗶𝘁𝗲 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 with significant experience business transformation, financings (including IPOs, follow-on financing and private placements), audit and financial reporting, Sarbanes-Oxley compliance, compensation including strategic and operating metric development, executive talent development, culture building and succession planning, new business development, international operations, enterprise-wide risk management, investment portfolio management, governance and regulatory compliance.”
- Former Executive at Capella, a for-profit education company
- Capella has been criticized for encouraging students to take on thousands in student debt and putting up barriers to graduate.
- On the executive board of the health tech trade association, Medical Alley
- Ronneberg earns the salary of a corporate executive. Her total 2023 compensation was $1,512,938
- Debbra L. Schoneman, President of Piper Sandler
- In 2021, Schoneman earned $4.5 million
- On her LinkedIn, Schoneman highlights her experience at Piper Sandler with mergers & acquisitions (see above) as well as succession planning at Allina Health, “leading the succession of two CEOs”
- Thomas S. Schreier, Former Finance Executive with Piper Sandler and U.S. Bank
- On the board of Piper Sandler
- Tim Welsh, Former U.S. Bank Executive
- U.S. Bank is the nation’s fifth largest bank. In his role, Welsh led a business with more than $10 billion in revenue and 20,000 colleagues.
- Welsh earned $5,542,767 from U.S. Bank (2023)
- Now President of CCC Intelligent Solutions Inc., a Chicago-based cloud software services provider to the insurance industry. This company appears to rely on AI for its cloud software.