The Museum of Contemporary Art in Sydney has appointed businesswoman Lorraine Tarabay as its next Chairman.
Tarabay, who has been on the museum’s board for four years and is an avid contemporary art collector, will succeed Simon Mordant in the role from July.
Tarabay is a former Sydney and New York investment banker, who has specialised in advising corporates, multinationals and governments on mergers and acquisitions, capital markets strategy and privatisations. She has had extensive experience in the not-for-profit sector.
She comes into the new role after already serving as Chair of the MCA’s Director’s Circle, and as a member of the Finance Committee and Foundation Council – a group of individuals who secure philanthropic support for new acquisitions for the MCA Collection.
“She has been a highly committed board member from the beginning,” MCA director Elizabeth Ann Macgregor said of Tarabay’s appointment.
“Her strong background in finance, passion for contemporary art and commitment to the MCA’s social impact programs is especially welcomed during these difficult times when we need support for art and artists more than ever.”
Tarabay is a member of Tate’s International Council, the Venice Council for Australia’s representation at the Venice Biennale, and the Board of Global Women Leaders – Strategic Philanthropy.
As Chairman, Tarabay will lead the MCA’s newly established philanthropic venture, the Social Impact through Art Fund, which aims to attract philanthropic backers to support the museum’s creative learning programs for children and families.
Tarabay says the MCA has played such an integral part of the cultural fabric of Sydney since it opened nearly 30 years ago.
“It has led the way for broad and diverse audiences to connect with contemporary art through incredible exhibitions and programming, and it is exemplary in showcasing how art can transform lives,” she said.
“I’m thrilled to be working in this capacity with the MCA and look forward to contributing to its future.”
See more recent appointments for women here.