The Pequot Library has named a former private-school administrator and banker as executive director of the 124-year-old Southport landmark,.

Martha Gates Lord was named to the post permanently after serving since August as interim director, the library's Board of Trustees said in a news release. She replaces Dan Snydacker, who retired in July.

"As a member of our Fairfield community, Martha immediately understands our mission of bringing cultural events and library resources to our Connecticut neighbors, both local and more distant," Alison Barry, the board's executive vice president, said in the news release. "Martha is an astute leader and is already working with our wonderful staff to continue and expand our many programs and everyday services."

In addition to maintaining a 166,000-volume collection, the Pequot is a popular venue for concerts, art shows and other events.

It has an annual operating budget of more than $1 million, according to its annual report, about 35 percent of it provided by the town of Fairfield and the state.

Lord is a former chief financial officer, director of technology and associate head of Greens Farms Academy in Westport. A Greens Farms alumna, she still serves on its board.

Lord also has held administrative positions at other private schools in Connecticut and South Carolina. She has worked as a banker in commercial and real estate lending and credit administration, according to her biography on the Greens Farms website. Before coming to the Pequot, Lord had been interim executive director of the Big Apple Circus in Brooklyn, N.Y.

She hold a bachelor of arts from Johns Hopkins University, a master of science in financial management from Fairfield University and a Ph.D. in education from California Coast University.

Lord said in the news release she was "passionate" about continuing the mission of the library's founder, Virginia Marquand Monroe.

"The vision then and now is to continue to live out our mission of bringing literature, music, art, science, and the humanities to our community, through our programs, exhibits and collection," she said. "What we are is a hub of education and culture for the community."

She and her husband, Don Lord, live in Fairfield.