Mathias Standing at Ovation

Author:
Publish date:

Ovation named a new chairman Thursday morning -- Edward Mathias, partner and
managing director of The Carlyle Group, a global private-equity firm based in
Washington, D.C.

He'll replace J. Carter Brown, the performing-arts channel's cofounder, who
resigned from the chairman's role two weeks ago, citing health reasons.

Harold Morse remains president and CEO.

Ovation's board has been considering candidates for the chairmanship since
receiving a letter from Brown, who has been in a Boston hospital since early
May.

Under treatment for lung disease, pneumonia and multiple myeloma, a cancerous
condition, Brown distributed a letter to some two-dozen arts and educational
institutions he has been affiliated with, including Ovation, noting his decision
to end those relationships.

As reported earlier, Brown plans to focus on family matters and complete a
memoir about his arts career when his recuperation period ends.

Mathias co-founded Carlyle in 1994. Before that, he served on T. Rowe Price
Associates Inc.'s board of directors.

Related