English National Opera chief executive to step down
19 July 2013, London, UK
Moving on: Loretta Tomasi
Loretta Tomasi, chief executive of English National Opera, has announced that she will step down at the end of 2013. She will have been with ENO for ten years.
ENO has emphasised that Tomasi is moving on for 'personal reasons', and not because of any concerns over the company’s financial health. In January 2013, ENO filed accounts for 2011/12 which revealed it had halved its reserves in order to cover a £2.2m deficit. Meanwhile, on 1 May, entrepreneur Martyn Rose took over as ENO chairman to replace the Arts Council-bound Sir Peter Bazalgette.
The company insists that its finances are heading in the right direction, with a much reduced deficit expected for 2012/13 (accounts are currently under audit before publication) and an expectation that the deficit will be wiped out entirely from 2013/14.
Tomasi herself said of the move: 'This has been an immensely difficult decision to make but after 10 fantastic years – seven as chief executive – it is the right time for me to choose a new path. The board now has to consider what they think is the best way to go about finding the best leader for the company. The important thing is that they find the right person.'