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City Ballet Appoints New Chair, President

The New York City Ballet's Board of Directors has a new chairman and president.

Jay S. Fishman, the chief executive officer of the insurance giant Travelers, will succeed John Vogelstein, who has held the post since 2008.

Robert I. Lipp, who has been on the board for more than 25 years, will become its president. The changes will take effect on July 1.

Fishman and Lipp worked together at Travelers, before Lipp’s retirement -- a connection Volgestein said would serve both men and the organization well.

“Bob Lipp’s strong contributions and loyal service as a member of the NYCB board and his long close business and personal relationship with Jay will make for a very effective team,” he said in a company press release.

Peter Martins remains the company's Ballet Master in Chief.