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The LSO was founded in 1904 as an independent, self governing organization, the first such orchestra in the UK. It played its first concert on 9 June of that year, with Hans Richter conducting. He remained principal conductor until 1911, when Edward Elgar took over for a year, leading six concerts as principal conductor. Clive Gillinson, a former cellist with the orchestra, served as the LSO's Managing Director from 1984 to 2005, and is widely credited with bringing great stability to the LSO's organization after severe fiscal troubles.[1] Since 2005, Kathryn McDowell is the Managing Director of the LSO.[2]