May 18, 2006
LOS ANGELES – John Biggs, chairman of the board of trustees of the J. Paul Getty Trust announced today that Agnes Gund and Lloyd Cotsen would retire from the board following the completion of their terms on June 30, 2006. He also said that Ron Burkle, who joined the board in May 2001, has resigned indicating his busy schedule does not permit him sufficient time to participate fully in board activities.
Agnes Gund, president emerita of The Museum of Modern Art (MoMA), has been a Getty Trustee since January 1994, and under the Getty’s bylaws is not eligible to be elected for another four-year term. Ms. Gund has agreed to continue her service on the search committee that was formed recently to identify a candidate for the position of president and CEO of the J. Paul Getty Trust.
Lloyd Cotsen, who joined the board in September 2002, and became vice chairman in September 2005, has completed a four-year term as a trustee and has decided not to seek another term.
In a letter to John Biggs, announcing his resignation, Ron Burkle indicated his schedule has become increasingly complex and he did not have the time required to participate actively in board activities.
John Biggs commended each member for their service on the board. He indicated that in addition to conducting a search for a new chief executive at the Getty, the board also plans to seek new members over the next several months with a variety of backgrounds that will broaden the board’s diversity and expertise. Since June 2005, five new Trustees have joined the board, Joanne Kozberg, Stewart Resnick, William Siart, Mark Siegel and Peter Taylor.
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Getty Communications Department
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