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April 18, 2015 8:01 AM ET

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Company Overview of Smithsonian Institution

Company Overview

Smithsonian Institution owns and operates museums and research facilities. The institute offers object, artwork, and specimens display and exhibition and event management services. Additionally, it provides research services. Smithsonian Institution was founded in 1846 and is headquartered in Washington, District of Colombia.

SI Building

Room 153

MRC 010

Washington, DC 20013-7012

United States

Founded in 1846





Key Executives for Smithsonian Institution

Chief Financial Officer
President of Smithsonian Enterprises, President of Magazine Publishing and Publisher of Magazine Publishing
Editor-in-Chief of Smithsonian Magazine
Chief of Staff to the Secretary
Chief of Staff to the Board of Regents
Compensation as of Fiscal Year 2014.

Smithsonian Institution Key Developments

Smithsonian Announces Executive Changes, Effective Jan. 1, 2015

Smithsonian Chancellor John G. Roberts, Jr., Chief Justice of the United States, has appointed senior Smithsonian official Albert G. Horvath to be Acting Secretary of the Smithsonian. Horvath will serve in the top leadership position from Jan. 1, 2015 through June 30, 2015, after retiring Secretary Wayne Clough departs at the end of December and before incoming Secretary David Skorton arrives July 1, 2015. Horvath has been the Smithsonians Under Secretary for Finance and Administration and chief financial officer since 2011. He manages major administrative units, including facilities and maintenance, human resources, security, capital projects/construction, information technology and financial operations. He oversees a $1.3 billion operating budget and $200 million capital budget. As Acting Secretary, Horvath will oversee a staff of nearly 6,400 and multiple projects that are underway, including construction of the National Museum of African American History and Culture and a major digitization project to help increase public access to the Smithsonians collections online.

Smithsonian Institution Appoints Michael Lynton as Board Member

Michael Lynton, CEO of Sony Entertainment Inc., has been appointed a member of the Smithsonians Board of Regents. President Barack Obama signed the resolution September 30, 2014 appointing him as a citizen regent. Lyntons six-year term begins immediately. The 17-member the company Board of Regents includes nine citizen members, three members of the House of representatives and three members of the Senate, as well as the chief justice of the United States and the vice president, both ex officio voting members. The Board of Regents is the governing body of the company. Lynton takes the board position vacated by France Crdova, who served from 2009 to March 2014, when she was sworn in as director of the National Science Foundation. The Board of Regents meets four times a year at the company. Chief Justice John Roberts Jr. presides over the meetings as chancellor, and John McCarter is the Chair of the Board. Throughout his tenure at Sony Entertainment Inc., Lynton has emphasized environmental sustainability, resulting in recognition from the Environmental Media Association and Habitat for Humanity among others. Before joining Sony, Lynton worked for Time Warner Entertainment Co. in various capacities and chairman and CEO of Pearson PLCs Penguin Group. Lynton also served as president of the Walt Disney Company’s Disney Publishing, which he started, and Disneys Hollywood Pictures.

Smithsonian Institution Opens New Sustainable Research Lab

The Smithsonian Institution announced that it will open the doors of its greenest building to date September 19: the Charles McC. Mathias Laboratory on the campus of the Smithsonian Environmental Research Center in Edgewater, Md. Designed to be the first Leadership in Energy and Environmental Design Platinum building in the Institution, the Mathias Lab will emit 37% less CO2 than a comparable lab that does not meet LEED-certification standards. Before the new Mathias Lab, almost two-thirds of SERC's office space and one-fourth of its lab space were housed in trailers. The disjointed environment hindered communication and the kind of experiments scientists were able to do. Building a sustainable research laboratory is more difficult than building a sustainable home, office space or school, largely because research environments are highly energy intensive and typically consume three-to-four times as much electricity as other buildings. However, research efforts on climate change, invasive species and conserving the Chesapeake Bay are vital to preserving healthy ecosystems throughout the rest of the world. The challenge for lead architect Howard Skoke of EwingCole was to enhance these research projects while slashing their environmental footprint. The finished lab's reduced carbon footprint comes from a substantial reliance on renewable. A geothermal well field with 250 wells provides a highly efficient heat exchange for the lab's HVAC system, while a 352-kilowatt array of solar panels provides water heating and covers 15% of the building's annual electricity expense. Energy efficiency also received a boost from passive solar lighting, a result of its open interior design and large windows, as well as automated lighting controls and strong insulation. In total, the Mathias Lab will save an estimated 42% on energy costs each year compared to a lab without LEED certification.

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