New York City Ballet Confers Chairman of the Board to Diana Taylor


The New York City Ballet voted to elect Diana L. Taylor, financial leader and partner of former New York City Mayor Michael R. Bloomberg, as new president, appointing a new leader to guide the company in its long-awaited reopening. board, the company announced on Wednesday.

Ms. Taylor will be the first woman to hold the role in the company’s 73-year history.

As a companion to Mr. Bloomberg during his three terms as mayor, Ms. Taylor led her own career in government and finance while performing the typical duties of a first lady (such as attending City Ballet premieres). During Mr. Bloomberg’s tenure, he served as the banking examiner for the State of New York under Governor George E. Pataki, then served as chief executive officer at a private equity firm.

When it comes to dancing, Miss Taylor remembers that her family has a subscription to the City Ballet and will be attending with her mother, but getting involved in the art form is mostly new to her.

“I have always loved ballet; I don’t know much about it, but I like it,” Miss Taylor said in an interview. “I’ve never really been interested in art other than being a spectator.”

Mr. Bloomberg, on the other hand, was known as an arts-oriented mayor, mostly due to his own personal donations. During his tenure, gave more than $200 million to arts and social work groups in the city. (City Ballet lists Bloomberg Philanthropies as one of its mid-tier donors contributing $25,000 to $49,999 this fiscal year.)

To Miss Taylor’s surprise, a member of the City Ballet research committee showed up to ask if she would be interested in the position.

“I almost fell out of my chair and said, ‘Well, why me?’ I said,” he said. “I went back and thought and said, ‘Wow, what a great experience. It is such a respected ballet company that; one of the oldest in the world; Art and culture in New York, which will be crucial in bringing us back from the pandemic.”

Ms. Taylor’s experience in finance and nonprofit leadership has led to the cancellation of four consecutive seasons and 2020 “The Nutcracker.” In a news release, outgoing chairman of the board, Charles W. Scharf, described Ms. Taylor as “a formidable business leader” and “the ideal person to lead and lead the company into a thriving future”.

Miss Taylor – who I thought about running for public office — adds this role to the list of other board positions on his resume, including Citigroup and Accion, a microfinance nonprofit.

At this point, Lead City Ballet will include advising the company on numerous issues related to the pandemic, including decisions regarding mask instructions and testing protocols as the season progresses. City Ballet says it lost nearly $50 million in earned revenue due to the pandemic, but Ms Taylor said the company entered the pandemic on solid financial footing and remained “pretty well off” after cost-cutting and adapting to pandemic restrictions.

City Ballet will return to the stage with a program featuring George Balanchine’s “Serenade” on September 21.


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