In 1974, Mr. Langone founded Invemed Associates, Inc., a small Park Avenue investment bank established to finance start-ups in the medical field. Among Invemed's major transactions was the takeover of medical electronics company Ivac, which Langone later sold to Eli Lilly. Ivac became Eli Lilly's medical instruments division, which has grown into a multi-billion dollar division.
Mr. Langone is perhaps best known as a co-founder of Home Depot, which he established in 1978 with Arthur Blank and Bernard Marcus. Mr. Langone provided venture capital for the company through Invemed. He served on the board and was a member of the Executive Committee of Home Depot until May, 2008. Home Depot employs over 300,000 people and has reshaped the home improvement industry saving the American consumer billions of dollars annually.
He also serves on the boards of YUM Brands, Unifi, Inc. and Micell Technologies. YUM Brands, the world's largest restaurant chain, owns and franchises Taco Bell, Pizza Hut and Kentucky Fried Chicken.
In addition to his business affiliations, Mr. Langone currently serves on the board of Trustees of New York University and on the board of Overseers of its Stern School of Business. He is chairman of the board of trustees of the NYU Langone Medical Center, formerly the New York University Medical School and Hospital, which was renamed in his honor as a result of the generous support that Mr. Langone and his wife, Elaine, provided.
From 1980 to 1996 he was a member of the Bucknell University board of trustees where he served as chairman of its nominating committee, its endowment and as a member of its executive committee.
Mr. Langone serves on the board of the Cancer Research Fun
|SOURCE Columbus Citizens Foundation|
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