President Trump announced Friday that Richard Grenell is stepping down from his position as president of the Kennedy Center for the Performing Arts, with Matt Floca set to take over as the new CEO and executive director.

Trump made the announcement on his Truth Social platform Friday afternoon, confirming Grenell's departure from the Washington D.C.-based arts institution.

The leadership change comes as the Kennedy Center faces a scheduled closure in July for renovations. The timing of Grenell's departure occurs several months ahead of the planned temporary shutdown of the performing arts complex.

Floca will assume the dual role of CEO and executive director, taking on leadership of one of the nation's premier cultural institutions. Details about the transition timeline and Floca's background were not immediately provided in the announcement.

The Kennedy Center serves as a major venue for theater, music, dance and other performing arts in the nation's capital, hosting numerous productions and events throughout the year.