Steven Mnuchin, Trump’s pick for Treasury, resigns as MOCA board member
Following his appointment as the next Treasury Secretary by President-elect Donald Trump, California banker Steven Mnuchin has resigned from his board position at the Los Angeles Museum of Contemporary Art.
Mnuchin, a former Goldman Sachs partner and onetime co-chairman of the troubled Relativity Media studio, joined the Board of Trustees of the museum in December 2009. He cited a new workload as the reason for his resignation.
“Since I’ll be focusing my full-time efforts as nominee for Secretary of Treasury, I’ve decided to resign from MOCA’s Board of Trustees,” Mnuchin said in a statement Friday. “I have very much enjoyed my seven years on the Board at MOCA, one of the country’s most important contemporary art institutions.”
Mnuchin, 53, also stepped down from the boards of CIT Group Inc. and Sears Holdings Corp. on Friday.
The resignations from the companies’ boards were effective immediately.
The most-read Entertainment stories this hour »
Twitter: @villarrealy
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
-
After the Tesla chief dismissed meme-inspired cryptocurrency dogecoin during his ‘Saturday Night Live’ hosting gig, its stock dropped nearly 30%.
-
TV highlights for May 9-15 also include a salute to female comedians on Lifetime and the return of “High School Musical: The Musical: The Series”
-
Eli Broad envisioned Grand Avenue as DTLA’s Champs-Élysées. Instead it may be a memorial to an urbanism of big gestures that is passing into history.
-
Nonfungible tokens are a dressed-up species of bookkeeping. But what art needs is less auditing and more ecstasy.
