The Newport Restoration Foundation has appointed Hilary Fagan as its next executive director, the organization announced Wednesday. Fagan, a Newport native with a background in Rhode Island economic development and financial services, will assume the role March 9.
The foundation’s board of directors selected Fagan following a national search, citing her energy, her experience across the public and private sectors and her lifelong connection to the city.
“We chose Hilary because she is a proven leader who knows how to get things done,” said Edith McBean, president of the board of directors. “Hilary’s background in promoting Rhode Island’s economy, combined with her financial expertise, makes her the ideal person to guide NRF as we face new challenges, including the impact of sea-level rise on our historic neighborhoods.”
Fagan most recently managed key strategic accounts for National Grid. She previously served as president, chief operating officer and executive vice president of business development at the Rhode Island Commerce Corporation, where she led efforts to strengthen the state’s business climate and attract investment. She has also held roles at CBRE and the Lincoln School, and earlier in her career worked in financial services at Nasdaq and Morgan Stanley.
“I am honored to join the Newport Restoration Foundation, an organization that has been part of the fabric of my hometown since 1968,” Fagan said. “It is an exciting time to explore how historic preservation can drive economic vitality and community resilience.”
The Newport Restoration Foundation was established by philanthropist Doris Duke in 1968 to preserve the architectural and cultural heritage of 18th and 19th century Newport. The organization manages a portfolio of more than 70 historic houses and operates properties open to the public, including Rough Point, Duke’s Newport home, and the 300-year-old Vernon House.