Valley Health System has announced a significant transition in its executive leadership, appointing Christopher Tascione, CPA, as Senior Vice President of Finance and Chief Financial Officer. Tascione succeeds William Klutkowski, CPA, who is retiring after a distinguished career spanning more than three decades with the organization.
The leadership change comes at a high point for the health system, which recently closed 2025 with a $1.6 billion revenue budget and a net worth exceeding $2 billion.
Tascione joins Valley from AtlantiCare in southern New Jersey, where he served as Chief Revenue Officer and Vice President of Finance. During his decade-long tenure there, he was instrumental in managing the $1.5 billion system’s financial health, notably leading a $217 million bond refinancing and maintaining high-level AA- credit ratings from Fitch and S&P.
In his new role at Valley, Tascione will oversee the full spectrum of the System’s finances, including:
- Financial planning and analysis
- Revenue cycle and budgeting
- Internal audit and accounts payable
- Strategic advisory for the Board of Trustees and Executive Staff
“I am honored to join Valley Health System as CFO, an organization deeply committed to its patients and community, supported by financial strength and a promising future,” Tascione said.
The announcement marks the conclusion of an era for William Klutkowski, who has been a pillar of Valley’s operations for nearly 31 years. Klutkowski’s impact on the New Jersey healthcare landscape is visible in the very skyline of Paramus; he played a pivotal role in the issuance of over $350 million in bonds that financed the construction of the new Valley Hospital.
Under Klutkowski’s stewardship, Valley transformed into one of the most financially robust healthcare systems in the state. Beyond the numbers, Klutkowski was known as a mentor who prioritized patient service and staff development.
“On behalf of Valley, I thank Bill for his outstanding leadership and steadfast dedication to our patients and their families,” Dr. Robert Brenner, President and CEO of Valley Health System said. “We wish Bill all the best as he embarks on this next chapter.”
Tascione brings a decorated professional background to the position. A Villanova and Rowan University alumnus, he is a Fellow of both the American College of Healthcare Executives (FACHE) and the Healthcare Financial Management Association (FHFMA).
Dr. Brenner expressed high confidence in the transition, noting that Tascione’s expertise in managing clinically integrated systems will be vital as Valley continues its tradition of strategic growth and community-centered care.
“We are excited to welcome Chris to the Valley team,” Brenner added. “Under his leadership, we look forward to continuing the System’s strong tradition of financial stewardship.”
