DENVER (AP) — The Colorado Symphony Orchestra has named a new interim president and CEO as the organization continues to struggle with its finances.

The organization announced Wednesday that Jim Copenhaver will replace James Palermo. Board co-chairman Jerome Kern declined to say if Palermo was fired or if he left on his own, saying “it’s irrelevant” and “we are moving forward.”

The CSO is trying to fend off a financial crisis its own reports say threatens to put it out of business in the next two years. It has canceled half of its 20 scheduled concerts over the next two months because of budget cutbacks, and musicians have accepted a pay cut.

Copenhaver served as executive director of the symphony in the past and is a senior partner with a management consulting firm.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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