The Trustees of Tate have elected Paul Myners to become their Chairman from 1 April 2004. David Verey completes his chairmanship and his second term as Trustee in March 2004.
David Verey, who became Chairman of the Trustees in 1998 having been a Trustee since 1992, successfully guided Tate through a period which included the opening of Tate Modern in 2000 and the opening of the Centenary Development at Tate Britain in 2001. In the time he has been Chairman, Tates visitor figures have more than doubled and its four galleries now welcomes more than six million visitors a year as well as some three million online visitors.
David Verey is currently Senior Advisor, Europe, for The Blackstone Group International Ltd. He was formerly Chairman and Chief Executive of Lazard Brothers. He is a member of the Trinity College, Cambridge Finance Committee, a Fellow of Eton College and a member of the Financial Services Practitioner Panel.
Paul Myners, who is 55, was born and educated in Cornwall and has been Chairman of Tate St Ives since 2002. He became a Trustee of Tate in April this year. Chairman of Gartmore Investment Management until his retirement in November 2001, he was invited by the Chancellor of the Exchequer in 2000 to review matters relating to institutional investment. His recommendations were accepted by the Government. Paul is Chairman of the Guardian Media Group, publisher of the Guardian and Observer newspapers and Chairman of Aspen Re. , the largest independent reinsurance company in London. He is also a member of the Financial Reporting Council. Since 2001 he has been a non-executive director of mm02 and last year joined the boards of the Bank of New York and Marks and Spencer.
Previously a Trustee of the Royal Academy he is currently a Trustee of Glyndebourne, the National Maritime Museum, Cornwall, The Charities Aid Foundation, and a Fellow of the Royal Society of Arts. He was awarded CBE in 2003.
Nicholas Serota, Director of Tate, commented:
David Verey has made a major contribution to the success of Tate over the past decade and has served as a Trustee for the unusually long period of twelve years, itself a testament to the regard in which he is held by fellow trustees and government.
Paul Myners has wide experience of business, the media and a passion for the visual arts. We are delighted at his appointment.