Andrew R. Heyer, a member of the University of Pennsylvania’s Board of Trustees, has been named chair of Penn Medicine, effective July 1, 2016. He has served as a member of the Penn Medicine Board and its Executive Committee since 2009.

The announcement was made by David L. Cohen, chair of Penn’s Board of Trustees, and Penn President Amy Gutmann.

“Andy Heyer is the ideal person to step into this important role,” Cohen said. “He has a deep commitment to Penn and Penn Medicine, evidenced by the myriad roles he has assumed and committees he has served so ably as a Penn Trustee. I am looking forward to working with him in this new role.”

“We are delighted that Andy has stepped into this important role at a time when Penn Medicine has further advanced its reputation as a preeminent academic medical center,” Gutmann said. “Andy is a thoughtful, strategic leader with a demonstrated dedication to Penn and Penn Medicine. His breadth of experience and commitment to Penn Medicine will help assure Penn Medicine’s continued eminence and momentum, which have grown exponentially under the leadership of Dr. J. Larry Jameson, executive vice president of Penn Medicine and dean of the Perelman School of Medicine.”

Heyer replaced Mark O. Winkelman, a senior director of Goldman, Sachs & Co. and a member of the Wharton Board of Overseers. Winkelman remains a member of the Penn Board of Trustees.

Heyer, who received his B.S. in economics and M.B.A. from the Wharton School of the University of Pennsylvania, graduating magna cum laude, is the chief executive officer and a managing director of Mistral Equity Partners. He served as chair of the Trustees’ Budget and Finance Committee and currently serves on the Executive Committee, Audit and Compliance Committee and Development Committee. 

He also was chair of the Board of Overseers of Penn’s School of Social Policy & Practice and served on the board of the Wharton School.

Prior to founding Mistral, Heyer served as a founding managing partner of Trimaran Capital Partners L.L.C., and was formerly a vice chairman of CIBC World Markets Corp. In 1995, Heyer was a founder and managing director of The Argosy Group L.P. and a managing director at Drexel Burnham Lambert Incorporated. Previous to that, he worked at Shearson/American Express.

Heyer currently serves on the Board of Directors of Jamba Inc., Worldwise Inc., Hain Group, XpresSpa, Love Sac and Vino Volo.

Penn Medicine is the umbrella governance structure created in 2002 to oversee both the Perelman School of Medicine and Health System.