Herbert Allen III

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Herbert A. Allen III
Born1970or1971(age 54–55)
Education Yale University (B.A. in History)
Occupation(s)President & CEO of Allen & Company; Director of The Coca-Cola Company
Known forPresident of Allen & Company; election to The Coca-Cola Company board
SpouseMonica 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.

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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

  1. 1 2 3 4 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.
  2. ↑ New York Times – "Herbert Allen Sr., 88, an Early Specialist in Corporate Takeovers" by Leslie Eaton, January 23, 1997
  3. ↑ "Herb Allen". Woodrow Wilson International Center for Scholars . Retrieved December 23, 2015.
  4. ↑ MacMillan, Douglas (21 February 2014). "Allen & Co. Flourishes as a Tech Deal Maker". Wall Street Journal. Retrieved 26 April 2016.
  5. ↑ "At Sun Valley, Big Tech and Media Moguls Meet Again". The New York Times. July 7, 2022.
  6. ↑ "Herbert A. Allen III - Board of Directors". The Coca-Cola Company . Retrieved July 13, 2025.
  7. ↑ "Herb Allen III: The New Establishment". Vanity Fair. September 6, 2012. Archived from the original on December 24, 2015.
  8. ↑ "Allen & Co. President Buys One of North Carolina's Most Expensive Homes". The Wall Street Journal. September 12, 2023. Retrieved July 13, 2025.
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