Stacey Malakoff will retire as executive vice president and chief financial and administrative officer of Hospital for Special Surgery at the end of 2025 following a phased 18-month transition.
Spencer Stuart, an executive search and leadership consulting firm, will conduct a nationwide search for the successor to Ms. Malakoff, who will support onboarding and a seamless transition.
Ms. Malakoff joined New York City-based HSS in 1990, was promoted to CFO in 1998 and appointed chief financial and administrative officer in 2020.
She will leave the organization earning revenue of more than $2.2 billion, $1.1 billion in unrestricted cash, and a profit margin of more than 3%, according to a July 8 news release.
"fStacey was already a pillar of HSS when I arrived as a resident 28 years ago, and since then she has been a leader, mentor, partner and friend to many at HSS," HSS President, CEO and Surgeon-in-Chief Emeritus Bryan Kelly, MD, said. "The legacy of her exceptional ability and commitment to the institution is evident in its decades of growth, financial stability, and strong balance sheet."