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Christie’s Names Guillaume Cerutti as CEO Replacing Barbizet

  • Billionaire owner Francois Pinault to become chairman of board
  • Barbizet steps down after two years as art market contracts

Christie’s, the world’s leading auction house by sales, appointed Guillaume Cerutti as chief executive officer, replacing its top leader after just two years and in a volatile period for the global art market.

Cerutti, 50, joined Christie’s in September as president of Europe, Middle East, Russia and India operations after spending almost a decade at rival Sotheby’s. He will take over on Jan. 1, the London-based company said in a statement Wednesday. He succeeds Patricia Barbizet, who was named CEO in 2014 and will become vice chairman.