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Chair Of National Endowment For The Arts To Step Down

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The chairman of the National Endowment for the Arts is stepping down after three years on the job.

65-year-old Rocco Landesman says he'll leave his post at the end of the year.

He says he only planned to serve one term at the endowment, which supports creativity and innovation in the arts.

Landesman co-owns Jujamcyn Theaters, which owns five Broadway venues, including the St. James and Al Hirschfeld Theaters.

He also produced Broadway hits like "Big River," "Angels in America" and "The Producers."

Landesman's successor will be appointed by President Barack Obama.

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