At South Coast Rep, Masterson will work alongside managing director Paula Tomei as Co-CEO of the theater, while current artistic directors David Emmes and Martin Benson will become founding directors working part-time to ensure a smooth leadership transition.

"I am honored to be given the opportunity to build the next generation of excellence for South Coast Repertory," Masterson said in a statement. "The theater is already recognized for producing works of extraordinary caliber across a broad range of styles, and I am interested in bringing new artists into the repertoire, deepening the connections with the community and extending SCR's reach to other parts of the world."