Peter Fine, the longtime power player who ran Phoenix-based Banner Health for more than two decades, is back at the system he helped build. Fine stepped away from day-to-day leadership in mid-2024 and has now returned to Banner in a different, non-CEO capacity.
The Phoenix Business Journal reported Thursday that Fine has rejoined Banner Health in a new role, noting that his return represents a shift in duties rather than a reinstatement to the CEO post. Initial coverage did not spell out how long the arrangement is expected to last.
Background
Fine officially stepped down as CEO effective June 30, 2024, after leading Banner since 2000. His 24-year run at the top included major expansion and a move toward value-oriented partnerships, a tenure Becker's Hospital Review detailed while chronicling his retirement and the system's evolution.
When Fine exited, Amy Perry took over as president and CEO, a leadership handoff covered by local outlets, including reporting that Amy Perry was named as his successor.
Why this matters
Banner Health is one of the nation's largest nonprofit health systems, operating dozens of hospitals and employing roughly 55,000 people across several states, a scale that makes any leadership move significant for regional care. Banner Health and trade coverage have highlighted the system's reach and influence.
Since retiring from the CEO role, Fine has stayed active in health-tech and investing circles. In 2025 he joined Define Ventures as an advisor, a position that kept him close to strategy and partnership conversations in the sector, according to Define Ventures.
What's next
So far, public details about Fine's day-to-day responsibilities in his new Banner role are sparse, and the health system has not released a broad statement outlining the scope or expected duration of his work. For the original reporting and the most complete description available at this point, see the coverage from the Phoenix Business Journal.
