The Patricia and Phillip Frost Museum of Science today announced that a new Board of Trustees has been appointed to replace the existing Board. The change in the Board’s composition was requested by its primary pledged donors, Patricia and Phillip Frost, in connection with their agreeing to provide the Museum a bridge loan to continue the construction and operation of the new science museum project in Museum Park until the funding of a presently contemplated Miami-Dade County grant and a private bank loan secured by the capital pledges received by the Museum to date.
The Frosts explained that they recognize and are most appreciative of the outgoing Board’s passion, dedication and leadership to date, but desire a change in the Board of Trustees to enable them to appoint members with professional skills and expertise highly aligned with their vision for the future of the Museum. The replacement Board of Trustees will consist initially of Cesar L. Alvarez, Senior Chairman of Greenberg Traurig LLP, Dr. and Mrs. Frost, and Richard Pfenniger.