Home Depot co-founder Ken Langone, the chair of NYU Langone’s board of trustees, and Robert I. Grossman, the CEO of NYU Langone Health, will each retire next 12 months, the renowned hospital system announced Thursday.
“It’s immensely gratifying to know that we’ve transformed NYU Langone Health into an establishment that is solely nonpareil,” Grossman said in a message sent to NYU Langone staffers.
“I take enormous pride in every one in all your efforts which have enabled this achievement,” added Grossman, who can be the dean of NYU Grossman School of Medicine.
The chair of NYU Langone’s board of trustees, Ken Langone also co-founded Hope Depot. Getty Images
“Without you, it never would have been possible. But all good things must come to an end.”
They are going to step down at the top of August 2025.
Fiona Duckenmiller will replace Langone, 88, as sole chair of the board of trustees after spending the last seven years as co-chair. She has been a member of NYU Langone’s board since 2006.
NYU Langone will conduct a “formal national search” to search out Grossman’s successor as CEO, based on a spokesman.
Grossman, who served as CEO of the healthcare giant since 2007, and Langone oversaw a serious expansion of NYU Langone, which now consists of six inpatient locations, the Perlmutter Cancer Center and greater than 300 outpatient sites in Latest York and Florida.
The sprawling system also has two medical schools.
Under their leadership, NYU Langone’s revenue jumped from $2 billion in 2007 to greater than $12 billion as of 2023, based on a release.
NYU Langone Health generated greater than $12 billion in revenue in 2023. Getty Images
NYU Langone CEO Robert Grossman may even retire. UCG/Universal Images Group via Getty Images
Last September, NYU Langone Health was awarded the Bernard A. Birnbaum, MD, Quality Leadership Award for superior patient care and the Ambulatory Quality and Accountability Award for excellence in outpatient care — establishing it because the top-ranked system within the country.
In July 2023, the Langone family gave a $200 million donation to make NYU Grossman Long Island School of Medicine tuition-free.
Best known for his early investment in Home Depot, Langone has a private net price of $8.8 billion, based on Forbes.
