CNBC August 16, 2025
Key Points
– Judy Faulkner, who just turned 82, has spent the past 46 years running Epic Systems, turning it into one of the largest private technology companies in the U.S.
– While Faulkner said she still has more to accomplish as CEO, sources told CNBC that the likely choice as her successor is Sumit Rana, who was named president last August.
– “Why be owned by people whose interest is primarily return of equity?” Faulkner said in an interview, referring to her aversion to the public market.
Do not go public. Do not acquire or be acquired. Software must work.
These are the first three of the 10 commandments splashed across bathrooms and breakrooms at Epic Systems’ sprawling 1,670-acre...
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