Please Touch Museum makes CEO permanent

Posted: January 12, 2014

The Please Touch Museum has selected its interim leader as its new director.

Lynn McMaster was named chief executive officer Friday by the board of the children's museum under a one-year contract, starting immediately.

The native of Canada came to Please Touch in 2012 and has spent much of her time on the museum's efforts to relieve itself of a heavy debt burden.

Talks continue with holders of that bond debt, with the museum preparing a proposal to restructure the terms of $60 million in bonds that it sold when fund-raising fell short for the 2008 renovation of Memorial Hall.

"I think we've got an effective strategy on that," McMaster said. "I have certainly been impressed with the institution's commitment to addressing the long-term financial issues, and am confident that we are going to work out a long-term financial plan that is beneficial to both [the bondholders] and for us."

A search to replace previous CEO Laura Foster ran from June through September, and McMaster, 55, emerged as the choice, said Sally W. Stetson, board chair and a member of the search committee.

"We interviewed six to seven external candidates from a variety of museums across the country as well as a couple of nontraditional candidates," Stetson said, "and felt that Lynn demonstrated the leadership capability, especially in terms of the challenging times we had."

McMaster previously served in a variety of capacities at the Canadian Museum of Civilization and the Canadian Children's Museum.


pdobrin@phillynews.com

215-854-5611

www.inquirer.com/artswatch

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