NEW YORK.- The Board of Trustees of The Museum of Modern Art has named Robert B. Menschel as Chairman and Marie-Josée Kravis as President at the annual election of officers held on June 7. On July 1, 2005, Mr. Menschel will succeed Ronald S. Lauder, who has served as Chairman since 1995. Ms. Kravis will fill Mr. Menschel’s position, which he has held since June 2002. The Board has elected David Rockefeller to the newly created position of Honorary Chairman in honor of his extraordinary contributions to the Museum. The Board also voted to name Ronald Lauder Chairman Emeritus and Agnes Gund President Emerita for a second term.

Mr. Menschel assumes leadership of the Board as the Museum enters a new phase in its 75-year history, after the opening of the new Museum building in November 2004. A Museum Trustee since 1989, Mr. Menschel, as President of the Board, chaired the Executive Committee, and he is active on many other MoMA committees, including Capital Campaign, Finance, Investment, Marketing and Membership, and Photography, as well as the International and Chairman’s Councils. Mr. Menschel’s commitment to the collection and the medium of photography is demonstrated by his donation of more than 130 works of art to the collection.

Ms. Kravis joined the Board of Trustees in November 1994 and became its Vice Chairman in 2004. She serves on the Executive Committee as well as committees devoted to Capital Campaign, Conservation, Drawings, Finance, Painting and Sculpture, and Special Programming and Events. She is also a member of the International and Chairman’s Councils. Ms. Kravis and her husband Henry have contributed many works to the Museum’s collection and recently donated two superb works of sculpture by Alberto Giacometti.

Honorary Chairman David Rockefeller says, “Ronald Lauder has served The Museum of Modern Art with great distinction for the last decade, during a pivotal period in the Museum’s history. It has been my privilege to serve the Museum alongside such a dedicated and generous philanthropist.”

Mr. Lauder was an important leader in the Museum’s capital campaign and has been one of the Museum’s most active donors of works of art, donating scores of works over his tenure as Chairman.

Chairman Emeritus Ronald Lauder says, “I am extremely proud that The Museum of Modern Art has been able to acquire so many superb works of modern art over the past ten years and has sustained its commitment to enhance its collection with art of the highest caliber.”