Guggenheim Museum director Richard Armstrong announces plans to step down

Richard Armstrong, who has led New York's storied Solomon R. Guggenheim Museum for nearly 14 years,

said in an interview with the Financial Times that he would be leaving his post "some time next spring.

""It'll be almost 15 years by then and that's a long time," he said in the interview. "

Armstrong did not give a reason for his departure.

Armstrong has led the museum and its foundation, as well as the museum's international satellites,

since stepping into the director role amid a global financial crisis.

He intends to work with the board to find a replacement until he retires in 2023, according to a Guggenheim press release.

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