Herbert Allen III
Herbert A. Allen III | |
|---|---|
| Born | 1970 or 1971 (age 54) |
| Education | Yale University (B.A. in History) |
| Occupation(s) | President & CEO of Allen & Company; Director of The Coca-Cola Company |
| Known for | President of Allen & Company; election to The Coca-Cola Company board |
| Spouse | Monica de la Torre |
| Parents |
|
| Relatives | Herbert A. Allen Sr. (grandfather) |
Herbert A. Allen III (born circa 1971) is an American investment banker and business executive, currently serving as President and CEO of Allen & Company, a New York-based boutique investment bank. He also serves as an independent director on the board of The Coca-Cola Company. Allen is known for maintaining a low public profile while overseeing significant media and technology mergers and acquisitions.
Biography
Allen is the son of Laura (née Parrish) and Herbert Allen Jr., former president of Allen & Company.[1] He is the grandson of Herbert A. Allen, Sr., who co-founded Allen & Company in 1922 with his brother Charles Robert Allen Jr.[2]
He has three siblings: Charles, Leslie, and Christie.[1] His parents later divorced, and his father married Broadway dancer Ann Reinking.[1]
Allen graduated from Yale University with a Bachelor of Arts in History. Prior to joining the family firm, he worked at T. Rowe Price in Maryland and Botts & Co. in London.[3]
He assumed leadership of Allen & Company in 2002 and currently serves as its President and CEO.[4] Under his leadership, the firm has advised on high-profile deals including Google's IPO, Facebook's acquisition of WhatsApp, and multiple media mergers involving Time Warner and Charter Communications.[5]
Allen is also known for organizing the annual Allen & Company Sun Valley Conference, a private retreat for executives in tech, finance, media, and politics held in Idaho.
In December 2021, Allen was elected as a director on the Board of The Coca-Cola Company, succeeding his father who served for nearly four decades.[6]
In 2012, Vanity Fair ranked him number 18 on their list of The New Establishment.[7]
Personal life
Allen is married to Monica de la Torre, a public-interest lawyer originally from Puerto Rico.[1]
He is known to keep a low public profile and rarely appears in media. In 2023, he purchased one of North Carolina’s most expensive homes an oceanfront property on Figure Eight Island for $13.9 million.[8]
References
- ^ a b c d Loomis, Carol J. (June 28, 2004). "Inside the Private World of Allen & Co". Fortune.
In late 2002 control passed to his son of the same name, Herb, 37, who keeps so low a profile that most executives in the securities industry probably don't even know he's now the boss.
- ^ New York Times – "Herbert Allen Sr., 88, an Early Specialist in Corporate Takeovers" by Leslie Eaton, January 23, 1997
- ^ "Herb Allen". Woodrow Wilson International Center for Scholars. Retrieved December 23, 2015.
- ^ MacMillan, Douglas (21 February 2014). "Allen & Co. Flourishes as a Tech Deal Maker". Wall Street Journal. Retrieved 26 April 2016.
- ^ "At Sun Valley, Big Tech and Media Moguls Meet Again". The New York Times. July 7, 2022.
- ^ "Herbert A. Allen III - Board of Directors". The Coca-Cola Company. Retrieved July 13, 2025.
- ^ "Herb Allen III: The New Establishment". Vanity Fair. September 6, 2012. Archived from the original on December 24, 2015.
- ^ "Allen & Co. President Buys One of North Carolina's Most Expensive Homes". The Wall Street Journal. September 12, 2023. Retrieved July 13, 2025.