Art dealer-turned-museum director Jeffrey Deitch is stepping down as head of the Museum of Contemporary Art in Los Angeles, ending a tumultuous tenure as the institution appears to be stabilizing its finances, according to The New York Times and the Los Angeles Times.
Three years into a five-year contract, Mr. Deitch has informed the museum's board of his departure, and trustees plan to form a search committee at a meeting Wednesday, the newspapers report, citing unnamed sources familiar with the situation.
One source said the museum, commonly known as MOCA, will announce Mr. Deitch's exit along with the news that the institution is nearing completion of a fundraising campaign to boost its endowment from $20-million to $100-million.
The New Yorker's hiring in 2010 marked a rare move from the world of private galleries to a major museum. His tenure was marked by a continuation of MOCA's long-term money troubles and an internal split over programming that led to the departure of its veteran curator and several board members.