PHILADELPHIA, PA - The Kimmel Center and Philadelphia Orchestra announced that they will be joining forces to form a new parent company, The Philadelphia Orchestra and Kimmel Center, Inc.
The new Philadelphia Orchestra and Kimmel Center, Inc. will be led by Matías Tarnopolsky, the companies new president and CEO.
Philadelphia Orchestra and Kimmel Center, Inc
The new joint company will offer guests a wide range of performances and exciting possibilities.
Furthermore, the new structure will strengthen business operations and enable more flexible scheduling and collaborative partnerships across the Philadelphia performing arts community.
“This visionary model creates a centralized artistic hub with a vibrant campus and active venues,” Ewers said. “I am delighted that the Kimmel Center and The Philadelphia Orchestra are forming this partnership under Matías’ superb leadership. An exemplary performing arts producer and presenter with an extensive range from fine arts to entertainment, our alliance, will offer something for everyone.”
The transaction is subject to obtaining all necessary regulatory approvals. But once approved, each organization and their current Boards of Directors will remain intact as subsidiaries of the combined organization.
The new company will draw from both existing boards of The Philadelphia Orchestra and the Kimmel Center. Philadelphia Orchestra Chair Ralph Muller and Kimmel Center Chair Michael Zisman will equally serve as co-chairs of The Philadelphia Orchestra and Kimmel Center, Inc.