Sotheby’s Appoints Michael Goss Chief Financial Officer
March 09 2016 - 7:46PM
Sotheby’s has named Michael Goss as Executive Vice President and
Chief Financial Officer. Mr. Goss, 56, will assume his new role
effective 28 March 2016.
Mr. Goss, a partner and managing director at
Bain Capital from 2001-2013, served as the firm’s 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, Mr. 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. He succeeds Dennis M. Weibling, who has served as
the firm’s Interim Chief Financial Officer since December
2015. A member of Sotheby’s Board of Directors since 2006,
Mr. Weibling was previously the Chair of the Board’s Audit
Committee.
“I am thrilled to welcome Mike to Sotheby’s. 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,”
said Tad Smith, Sotheby’s President and Chief Executive Officer. “I
would like to take this opportunity to thank Dennis Weibling for
his service and support and look forward to continuing to work with
him in his position on Sotheby’s Board of Directors.”
"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 Mr. Gross.
Earlier in his career, Mr. 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.
Forward-Looking Statements
This release contains certain “forward-looking statements” (as
such term is defined in the Securities and Exchange Act of 1934, as
amended) relating to future events and the financial performance of
the Company. Such statements are only predictions and involve risks
and uncertainties, resulting in the possibility that the actual
events or performances will differ materially from such
predictions. Major factors, which the Company believes could cause
the actual results to differ materially from the predicted results
in the “forward-looking statements” include, but are not limited
to, the overall strength of the international economy and financial
markets, political conditions in various nations, competition with
other auctioneers and art dealers, the amount of quality property
being consigned to art auction houses and the marketability at
auction of such property. Please refer to our most recently filed
Form 10-Q (and/or 10-K) for a complete list of Risk Factors.
About Sotheby’s
Sotheby’s has been uniting collectors with world-class works of
art since 1744. Sotheby’s became the first international
auction house when it expanded from London to New York (1955), the
first to conduct sales in Hong Kong (1973), India (1992) and France
(2001), and the first international fine art auction house in China
(2012). Today, Sotheby’s presents auctions in nine different
salesrooms, including New York, London, Hong Kong and Paris, and
Sotheby’s BidNow program allows visitors to view all auctions live
online and place bids in real-time from anywhere in the
world. Sotheby’s offers collectors the resources of Sotheby’s
Financial Services, the world’s only full-service art financing
company, as well as private sale opportunities in more than 70
categories, including S|2, the gallery arm of Sotheby’s
Contemporary Art department, as well as Sotheby’s Diamonds and
Sotheby’s Wine. Sotheby’s has a global network of 90 offices
in 40 countries and is the oldest company listed on the New York
Stock Exchange (BID).
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Lauren Gioia
Lauren.Gioia@Sothebys.com
Jennifer Park
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