One month after Black, the embattled investor, said he would not stand for re-election, the museum chose its president emerita to replace him.
In the wake of protests from artists and activists over his ties to the convicted sex offender Jeffrey Epstein, the investor agreed not to stand for re-election in June.
The Wall Street billionaire, who was the main client of the disgraced financier Jeffrey Epstein in recent years, decided to leave for health reasons.
Ai Weiwei and other artists say the investor Leon Black should step down as MoMA’s chairman amid revelations that he paid $158 million to Jeffrey Epstein.
After the disclosure that Mr. Black had paid Jeffrey Epstein $158 million, some have called for his removal.
Mr. Epstein specialized in aggressively pitching ways to minimize paying taxes. And not just to Mr. Black, the private equity chief executive who was his main benefactor in his later years.
An inquiry’s finding that Leon Black, the billionaire boss of Apollo Global Management, paid the convicted sex offender $150 million touched off an attempt to remove him.
Mr. Black, the billionaire chief executive of Apollo Global Management, said others’ continued association with Mr. Epstein had given him “misplaced comfort” in doing business with him.
Leon Black, Apollo Global Management’s co-founder and leader, has been facing questions from investors over his ties to the convicted sex offender. One has already opted to withhold new investment.
Mr. Black, the chief executive and chairman of Apollo Global Management, asked independent board members to examine his relationship with the convicted sex offender.
Leon Black, whose $9 billion fortune could buy the best counsel in the world, paid at least $50 million to Mr. Epstein for advice and services after most others had deserted him.
The territory’s attorney general wants to know more about Leon Black’s dealings with Jeffrey Epstein, who died while facing sex-trafficking charges.