Allyn Family Office director becomes new Welch Allyn CFO

SKANEATELES FALLS  —  Welch Allyn has tapped the Allyn Family Office for a new CFO.

The medical-device manufacturer hired Joseph Hennigan as its executive vice president and CFO. He had been managing director of the Allyn Family Office, which provides legal, tax, and investment services to Welch Allyn shareholders.

Before his time at the Allyn Family Office, Hennigan worked as senior vice president and CFO at Hand Held Products, Inc., an automatic identification and data-collection company that was acquired by Honeywell at the end of 2007. He worked to integrate the two companies after that acquisition. Hennigan also spent a large chunk of his early career as a partner in the international audit, tax, and business-consulting firm KPMG.

At Welch Allyn, Hennigan will report directly to President and CEO Steve Meyer.

“Joe brings his previous experience as a CFO and distinctive knowledge of the health-care industry to the company, as well as extensive tax, merger and acquisition, financial planning, and analysis and accounting expertise in the manufacturing and high-technology areas,” Meyer said in a news release. “In addition, Joe has the benefit of knowing many members of my executive team, shareholders, and board of directors, which will allow him to hit the ground running. All of these qualities make him well-suited to be successful in the CFO position at Welch Allyn.”

Family-owned Welch Allyn is headquartered at 4341 State St. Road in Skaneateles Falls. It employs almost 2,700 people in 26 countries. The company is in the midst of a restructuring announced in September that will see it cut its work force by 10 percent over three years.

Contact Seltzer at rseltzer@cnybj.com