DocGo, a mobile health services company, appointed Lee Bienstock as CEO on Monday and replaced former CEO Anthony Capone, who resigned on Friday.
Capone resigned after acknowledging his academic credentials were falsified. In an emailed statement, a DocGo spokesperson said Capone was stepping down for personal reasons.
Capone's biography on DocGo's website stated that he had received a graduate degree in artificial intelligence from Clarkson University. But a report from the Albany, New York newspaper Times Union indicated that Clarkson University had no record of him enrolling for or completing a graduate degree.
“I must clarify immediately: I do not have a Master’s degree from Clarkson University, nor from any other institution,” said Capone in a statement provided by the company. "I take full responsibility and am making immediate corrections to all official bios, profiles, and any other materials where this incorrect information appears.”
Bienstock was previously DocGo's president and chief operating officer. He joined the company in 2022 after 10 years at Google.
“Current president and COO Lee Bienstock has assumed the role of CEO, and we have full confidence in his ability to lead the company forward,” a DocGo spokesperson said in a statement.
DocGo's stock was trading at $5.09 per share on Monday morning, down 10% from the start of the day.
The medical services company is executing a $432 million, no-bid contract to help New York City manage the more than 110,000 migrants who've arrived since the spring of 2022. Last week before resigning, Capone responded to critical reports and the opening of official investigations into how DocGo was executing the contract.
Caroline Spivack of Crain’s New York Business contributed reporting.