The Morgan Library & Museum—which houses one of the world’s foremost collections of art, literature, and music—announced that Lawrence R. Ricciardi has been named President of its Board of Trustees.

A retired senior executive at IBM Corporation, Mr. Ricciardi has been a trustee of the Morgan since 2003. He succeeds S. Parker Gilbert as President, a post Mr. Gilbert held for twenty-three years. Mr. Ricciardi assumed his duties in April and will oversee his first board meeting May 19.