News Summary
Jersey City Mayor Steven Fulop has been appointed as the next President and CEO of the Partnership for New York City, succeeding Kathryn Wylde. His selection reflects a broad search process and aims to leverage his political experience amid economic development challenges. Fulop, who has overseen substantial growth in Jersey City, will face the task of maintaining business and government relations as the Partnership continues to evolve in a dynamic environment.
Jersey City Mayor Steven Fulop has been appointed as the next President and CEO of the Partnership for New York City, a prominent nonprofit organization focused on economic development. His selection was announced late Monday and concludes a closely monitored succession process. Fulop will succeed Kathryn Wylde, who is retiring after more than two decades of leadership, having served since 2000.
Fulop’s choice was made from a pool of over 30 candidates and was approved by the Partnership’s search committee, executive committee, and board of directors. The Partnership’s leadership group is co-chaired by major figures such as Pfizer CEO Albert Bourla and Tishman Speyer CEO Rob Speyer, and includes several leaders from New York’s largest corporations.
At 48 years old, Fulop has a diverse background, including an unsuccessful bid for the New Jersey governor’s office in the June 2023 Democratic primary, where he finished third. His appointment is considered unusual given Wylde’s influential role as New York’s de facto power broker, a position she has held for many years.
During his tenure as mayor, Fulop oversaw significant development in Jersey City, adding over 10,000 housing units during his three terms. He is well-known for his strong advocacy of congestion pricing, a stance that aligns with Wylde’s perspective. As the Partnership navigates uncertain times and potential changes in New York City leadership, it seeks a leader with relevant political experience, making Fulop’s background an asset.
Wylde expressed confidence in Fulop’s ability to manage relationships between business, labor, government, and nonprofit sectors. In his statement regarding the appointment, Fulop recognized the critical role of Partnership members in driving New York’s economy and expressed enthusiasm for addressing the city’s complexities through this new role.
While the announcement did not specify a start date for Fulop’s appointment as President and CEO, his current mayoral term is set to conclude in January 2026. Wylde, on the other hand, plans to step down in June 2024, creating a transition period that may benefit the organization during the judicial handoff.
Fulop, a native of Edison, New Jersey, brings additional layers to his profile, having previously worked at Goldman Sachs and served in the Marine Corps during the Iraq War. He was a direct witness to the events of September 11, 2001, having been in Lower Manhattan at the time and promptly enlisted in military service afterward. As a first-generation American from a Jewish family with Romanian immigrant roots, his diverse background adds depth to his leadership experience.
Fulop graduated from Binghamton University in 1999 and holds an MBA from NYU’s Stern School of Business, along with a Master of Public Administration from Columbia University. He currently resides in Jersey City with his wife, Jaclyn, and their three children: Jaxon, Stassi, and Sage.
The Partnership for New York City has been a vital entity for nearly 50 years, comprising around 300 corporate and entrepreneurial firms committed to economic growth. Its investment arm, the Partnership Fund for New York City, is designed to support entrepreneurs and innovators contributing meaningfully to the local economy.
Kathryn Wylde’s notable tenure included pivotal roles in urban revitalization and financing significant neighborhood development projects. Fulop’s achievements as mayor encompass enhancing affordable housing, city transportation, infrastructure improvements, and increased funding for the arts and cultural sectors. Looking ahead, the Partnership remains focused on promoting economic growth and safeguarding New York’s status as a global hub for opportunity and innovation.
Deeper Dive: News & Info About This Topic
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Additional Resources
- The New York Times
- Wikipedia: Partnership for New York City
- AM New York
- Google Search: Steven Fulop
- The Jersey Journal
- Encyclopedia Britannica: New York City
- NJ.com
- Google News: Fulop Partnership for New York City
- Commercial Observer
- Google Scholar: Steven Fulop
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