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.â€
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.
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