The official version:
Peter W. May and Oscar L. Tang were elected Co-Chairs of the Board of Directors of the Philharmonic-Symphony Society of New York, Inc., at the March 27, 2019, meeting of the organization’s Board of Directors. Each will hold the title of Co-Chair Designate until they become Co-Chairs in September, succeeding Oscar S. Schafer, who has held the post of Chairman since 2015. As Co-Chairs, Mr. May and Mr. Tang will serve as the Society’s chief volunteer officers.
Volunteer = donors.
They need to raise so much cash during the hall renovation period, it will take two strong men to carry it.