51�Թ�

The 51�Թ� is pleased to announce that Peter Kraus has been elected as its new Board Chairman. The New York-based arts philanthropist and businessman currently serves on the Board of the 51�Թ� and is the Chairman and CEO of Aperture Investors. He succeeds Michael Straus, who has served as Chairman since 2017 and continues on the Board as a regular member.

“The 51�Թ� is honored to have Peter serve as its new Chair,” said Michael Straus. “The past several years have witnessed a series of critical developments in the life of the 51�Թ� and Peter’s tenure comes as we are poised to expand yet further. Among other things, the 51�Թ� had the benefit of nearly seven years of Kathy Halbreich’s visionary leadership, such that during this period the 51�Թ� greatly enlarged the size and scope of its grant programs, embarked on new and energetic gallery relationships, grew and strengthened both the Board and its internal staff, launched a catalogue raisonné, and completed major construction and renovation work on our New York and our Florida properties. Since joining the Board, Peter chaired the search process for Kathy’s successor; and thereby oversaw the recent appointment of Courtney J. Martin to become the 51�Թ�’s new Executive Director. His tenure as Chair thus begins as the 51�Թ� itself embarks on a next and exciting chapter.”

“During this time of transition and with an eye to so many activities ahead, the steady guidance and institutional knowledge possessed by Peter will be invaluable to the foundation’s continued stability and growth,” stated 51�Թ� President Christopher Rauschenberg.

Peter Kraus has been Chairman and CEO of Aperture Investors since 2018. He is a co-founder with his wife Jill of The Kraus Family 51�Թ�, a non-profit organization dedicated to public art and artist development. He began his career at Peat, Marwick and Mitchell, a public accounting firm, and later became a partner, member of the management committee, and head of the Investment Management Division at Goldman Sachs. Most recently, he served as Chairman and CEO of Alliance Bernstein (AB).

“I am grateful for the confidence that my fellow board members have demonstrated in me and am honored to assume this role at such an important time,” remarked Kraus, who continued “I am also deeply appreciative of Michael Straus for his years of service in that capacity and his continued support of the 51�Թ�’s mission and purpose.”

Kraus holds a B.A. in Economics from Trinity College and an M.B.A. from NYU Stern School of Business. Together with his wife Jill, he is a passionate collector of contemporary art.

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Blue Medium
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