"I have considered it an honor and privilege to serve as president of the Guild, and I am extremely proud of what we have accomplished in the past six years," said Schwartz in a statement. "I look forward to working with the new leadership to complete current initiatives-in-progress and to help them realize their plans for the Guild to continue to strengthen and grow in the years ahead."
Schwartz was an active participant in the Dramatists Guild's events, including last year's anti-piracy awareness event, in which songwriters gathered at the Guild's home base to send personalized emails to pirates around the world and explain the impact felt from illegally downloaded sheet music.
Pulitzer Prize-winning playwright Doug Wright (I Am My Own Wife, Quills, Grey Gardens) was elected to succeed Schwartz.
"Under former presidents Stephen Schwartz and John Weidman, the Guild has grown into a truly national organization, representing the diverse needs of playwrights, composers, lyricists and librettists across the country," he said. "I hope I can provide the same artful stewardship as my dynamic, dedicated predecessors. I look forward to working with the Guild's excellent staff, its Council and its members to advance the cause of dramatists in the American theater."