Auction house Christie’s has announced that it will be making changes to its governance structure, which will take effect from January 1, 2017. The 250-year old auction house has appointed Guillaume Cerutti to be its new CEO, based on the recommendation of current CEO Patricia Barbizet, and with the support of the Pinault family. The Pinault family owns Groupe Artémis, a French holding company that owns Christie’s as well as several other entities.
François-Henri Pinault will assume the role of Chairman of the Board, while Patricia Barbizet will become Vice Chairman. Current CEO Patricia Barbizet was appointed CEO of Christie’s in 2014, and is the company’s first female CEO.
Commenting on the new structure, Barbizet said, “As we conclude a successful year, the time is right to adapt our structure and further enhance the tremendous work we have done to make the company more efficient, creative and collaborative. I believe Guillaume’s experience and deep knowledge of the art world will bring Christie’s one more step forward. Christie’s is a key asset for its shareholder. Alongside Mr. Pinault, as CEO of Artemis, I will remain closely involved as we continue to expand Christie’s global reach and introduce more best-in-class services for today’s collectors.”
Guillaume Cerutti is currently President of Christie’s Europe, Middle East, Russia and India, and is a stalwart in the art auction world. The auction house has yet to announce who will take over Cerutti’s old role but we’re sure an announcement is forthcoming.
On his appointment Cerutti said, “It is a great honour to take forward the company’s strategic initiatives and continue the successful work that have been implemented under Patricia’s tutorship. At year-end, Christie’s continues to lead the market globally, and is poised for continued success. I will rely on Christie’s exceptional talents to build and adapt the company for the future.”
Christie’s executive leadership team continues unchanged with Stephen Brooks continuing his role as Deputy Chief Executive Officer. Global President Jussi Pylkkänen will also continue his role working directly with collectors, and shaping the curation and sales strategies to increase the global footprint of the auction house.
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