Marie-Josée Kravis will succeed Leon Black as MoMA president
The Museum of Modern Art in New York on Tuesday appointed Marie-Josée Kravis to succeed Leon Black as chairman of the board. Kravis, a board member since 1994 and its chairman from 2005 to 2018, will take over on July 1, when the besieged blacks step down. The announcement was made at yesterday’s board meeting.
“I know this is a huge responsibility. I will try to be up to the task, ”Kravis told his colleagues, according to the New York Times.
In addition to being chairman of the board, Kravis has served on several occasions on the executive, finance, capital, painting and sculpture committees, and the international board. She and her husband, financier Henry Kravis, are renowned collectors and have supported MoMA with promised gifts, including works by Henri Matisse and Jasper Johns. MoMA also announced that Ronnie Heyman has been re-elected to a second term as president.
Black, a former CEO of private equity firm Apollo Asset Management, was elected chairman of the board in 2018. He came under intense scrutiny last year when it was revealed that he had funneled millions of dollars to convicted pedophile Jeffrey Epstein, who died by suicide in prison in 2019. Although an independent investigation at Black’s request found no evidence of wrongdoing, it did reveal that Black had paid Epstein $ 158 million – far more than expected – for financial advice, and that the payments were made between 2012 and 2017, after Epstein’s conviction. on charges of soliciting prostitution from a minor.
Black in March stepped down as CEO of Apollo, several months earlier than expected. That same month, he told council he would not stand for re-election at the end of his term. MoMA has confirmed he will remain on the board, of which he has been a member since 1997. Activists have continued to call for Black’s removal from the board. However, StrikeMoMA, a division of the international imagination of anti-national anti-imperialist sentiments (IIAAF), argued that “beyond a single board member, MoMA itself is the problem” .