Amid growing tension resulting from his ties to Jeffrey Epstein, collector and former Apollo Global Management chief executive Leon Black will not seek re-election this summer as the chair of the Museum of Modern Art’s board of trustees, the New York Times reported on Friday. His current term is set to expire on July 1.
Black has been on MoMA’s board since 1997, and in 2018, he was elected as its board chairman. Throughout his tenure on the board, he has supported the museum through major loans and financial donations. In 2012, after he bought Edvard Munch’s 1895 version of The Scream for $120 million at auction, he lent it to MoMA, which displayed it for several months. In 2018, the same year he assumed leadership at the board, he gave $40 million to the museum’s expansion project, and as a result, its film center now bears his name.
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