Markley succeeds Isaac Robert Hurwitz, a festival founder who stepped down to become a consultant on development projects for 20th Century Fox’s new Broadway venture.

Markley was one of the producers and investors who developed the performing arts space 37 Arts, and he has worked as a producer on High Fidelity, Stomp and Shockheaded Peter.

The Times reports that Markley plans to keep NYMF a summer event, and he hopes to return the festival to its 2013 location at the Signature Center.

NYMF is the flagship program of The National Music Theatre Network and exists to "revitalize musical theatre culture by discovering and promoting new musical theatre artists, producers and projects; nurturing a vibrant and innovative artistic community; and connecting one of America's greatest art forms with a diverse, contemporary audience."

Three NYMF shows — Chaplin, Next to Normal and [title of show] — have opened on Broadway, and 24 of them, including Altar Boyz and Yank!, have moved to Off-Broadway.