Sotheby's has named Michael Goss as its new Executive Vice President and Chief Financial Officer, the company announced today. Goss will take the helm on March 28, 2016. Goss succeeds Dennis M. Weibling, who has been Sotheby’s Interim Chief Financial Officer since December 2015. The news arrives on the heels of personnel changes taking place recently within Sotheby's and its January 2016 acquisition of Art Agency, Partners (APP), a private consulting firm managed by Amy Cappellazzo, Allan Schwartman and Adam Chinn.
"I am excited to be joining the very talented team at Sotheby's and look forward to contributing to the company's very bright future," commented Goss in the appointment announcement.
Michael Goss was a partner and managing director at Bain Capital from 2001-2013 and also served in additional lead roles. This includes Chief Financial Officer from 2001-2011, as Chief Operating Officer from 2004 to 2011, and Head of Global Investor Relations from 2012-2013. During his tenure in these roles, Goss oversaw the firm's growth in assets under management from $10 billion to $70 billion and also had responsibility for Bain Capital's global human resources, legal activities, investor relations, and information technology.
"I am thrilled to welcome Mike to Sotheby's," stated Tad Smith, Sotheby's President and Chief Executive Officer, in the announcement. "His wealth of experience and leadership at the most senior levels of global finance and business, particularly his previous role as the CFO of publicly-traded companies, will be invaluable to Sotheby's."
Earlier in his career, Goss, worked as Executive Vice President and Chief Financial Officer of Playtex Products and Digitas, Inc., both of which were public companies. He has an MBA from Harvard Business School and a BS in economics from Kansas State University.
Goss's announcement comes amid a flurry of personnel changes at Sotheby's. Impending departures include Alex Rotter, the co-head of contemporary art worldwide, and David Norman, vice chair of Sotheby’s Americas and the co-chair of Worldwide Impressionism and Modern Art. Rotter had been with Sotheby’s for 16 years and Norman for 31 years.
Also leaving is Melanie Clore, co-chair of Impressionism and Modern Art and chair of its business in Europe, according to the NYT. Clore was with Sotheby’s for 35 years. Henry Wyndham, chair of Sotheby’s Europe, is also leaving Sotheby’s, reported The Art Newspaper. He has worked for Sotheby's for 22 years.
Reported today is the departure of Miety Heiden, Sotheby's senior vice president and head of contemporary private sales for North America, reported artnet News. Heiden's resignation was confirmed by email to artnet News, reported artnet.
With the annexing of Art Agency, Partners (APP), Schwartman and Cappellazzo joined Sotheby's as Chairmen to help lead a newly-formed Fine Art Division, taking a primary focus on 20th and 21st century art. Chinn will assume the role of Worldwide Head of Transaction Support, leading deal-making on a global scale, according to Sotheby's.
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