The presidency of the Metropolitan Museum of Art is a fund-raising and administrative position that does not require a background in art. But in choosing Daniel H. Weiss '85 to help lead the nation’s largest art museum, the Met has decided to combine both business acumen and scholarly credentials.
Its board voted on Tuesday to elect Mr. Weiss, a medievalist with an M.B.A. who since 2013 has been president of Haverford College in Pennsylvania, as its next president and chief operating officer. In his new job he will oversee day-to-day operations, an endowment of about $3 billion, a staff of about 1,500 and an annual operating budget of more than $300 million.
In contrast, the endowment of Haverford, one of the country’s most prestigious liberal arts colleges, was $491 million for the fiscal year ending June 30, 2014, and its annual budget was just over $83 million.
Mr. Weiss succeeds Emily K. Rafferty, who is retiring after 10 years of helping lead the museum and almost four decades as one of its fund-raising champions.
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