DUARTE, Calif., Feb. 21, 2013 — After 10 years at City of Hope, former FDA acting commissioner Dr. Michael A. Friedman has decided to retire from his position as chief executive officer, and the Board of Directors has selected current president Robert Stone to assume the dual role of president and chief executive. The change will continue the momentum of the $1.1-billion independent biomedical research, treatment and education institution.
"Dr. Friedman has served City of Hope during a period of remarkable growth over the last 10 years. Now, as he prepares to retire as planned – and as we look ahead to the future – we are convinced that Robert Stone is the right person to take this new leadership role," said board chair Sheri Biller. "Having been instrumental in strategically positioning City of Hope as a scientific and medical institution of national renown, Robert has the experience and the vision to advance our commitment to science in the service of health, build on the incredibly strong foundation already in place, and direct City of Hope toward further growth amid the dramatic changes in health care."
The change will officially take place at the end of 2013. Until then, Stone will work closely with Friedman – with whom the board consulted about the appointment – to ensure a smooth, coordinated transition. He will also be working closely with a strong executive-level team, many of them brought onboard in the past few years to ensure a solid foundation for continued growth.
Prior to becoming president in July 2012, Stone served in several leadership roles at City of Hope. He was the initial president and executive officer of the City of Hope Medical Foundation, an entity launched in June 2011 to increase collaboration between physicians and staff and enable more coordinated care for patients. As chief strategy and administrative officer, Stone recently led the creation and development of the organization's 10-year strategic plan. He also previously served as City of Hope's general counsel and secretary. He earned his law degree at the University of Chicago Law School.
"We look forward to working with Robert to implement our new strategic plan and to continue the progress made under Michael's superb guidance," Biller said. "Michael's integrity, wisdom and personal commitment to our mission have helped us forge a path of distinction for the future while maintaining our standard of excellence that is recognized and respected around the world."