Miami Cancer Institute, a next-generation cancer treatment destination and Florida’s only member of the Memorial Sloan Kettering (MSK) Cancer Alliance, recently announced that Albert H. Nahmad has been named chair of the Institute’s board of directors.
Nahmad succeeds S. Lawrence “Larry” Kahn III, the Institute’s visionary, founding board chair and founder of Coral Gables-based Lowell Homes, who recently passed away following a long battle with lymphoma. Nahmad shares Kahn’s passion for philanthropy and a desire to continue to help elevate Miami Cancer Institute as a cancer treatment destination both here in Miami and in neighboring regions.
“It is an honor to have Mr. Nahmad lead our board of directors,” said Michael J. Zinner, MD, Miami Cancer Institute’s CEO and executive medical director. “He brings knowledge of our community and an unwavering commitment to philanthropy, compounded by his desire to continue to help elevate the Miami Cancer Institute as a cancer treatment destination both here in Miami and in neighboring regions.”
Since 1973, Nahmad has served as board chair and CEO of Watsco Inc., an NYSE company based in Coconut Grove. At the beginning of his tenure, Watsco had revenues of $5 million and a market capitalization of less than $5 million. Under his strategic leadership, Watsco has become the largest distributor of air conditioning, heating and refrigeration products with revenues of over $4.5 billion and a market capitalization of nearly $7 billion.
Watsco’s success has been achieved with a conservative, long-term focus and an entrepreneurial spirit. The company operates from 568 locations in the United States, Canada, Mexico and Puerto Rico and also serves markets in Latin America and the Caribbean. He holds an MS in Industrial Administration from Purdue University and a BS in Mechanical Engineering from the University of New Mexico. He maintains an active role in a number of charitable organizations in South Florida.
In his role as chair, Nahmad sits with current board members Phil Conway, secretary; Ronald A. Shuffield, treasurer, as well as Bruce Beal, John Dasburg, John Haley, Michele Kessler, Patrick P. Lee, Rudy Kranys, and the Rev. Dr. William White.
