Sotheby's Names Former Bain MD Goss as CFO Amid Restructuringby
Sotheby’s, an auctioneer of art and collectibles, said it hired Michael Goss, a former partner and managing director at private equity firm Bain Capital as its new chief financial officer and executive vice president.
A graduate of Harvard Business School, Goss, 56, was Bain’s CFO from 2001 to 2011, Sotheby’s said in a press release on Thursday. He will start on March 28. Goss will succeed Dennis Weibling, who served as interim CFO from December.
It’s the latest change in management restructuring under Chief Executive Officer Tad Smith. Since Sotheby’s previous CFO Patrick McClymont resigned in December, Smith has said that the auction house needs to replace him with someone who has similar experience at a public company. Hedge fund manager Dan Loeb, Sotheby’s largest shareholder, has pushed the company to become more profitable since 2013.