Christie’s has a new CEO, the recently hired head of Christie’s in Europe, Guillaume Cerutti. From the reporting structure, Patricia Barbizet will continue to have oversight of the business.

Here’s the Christie’s release:

Christie’s announces changes to the company governance structure effective 1st January 2017.

On the recommendation of Patricia Barbizet and with the full support of the Pinault family, the Board has appointed Guillaume Cerutti as Chief Executive Officer.  Mr. Pinault assumes the role of Chairman of the Board and Mme. Barbizet is appointed Vice Chairman.

Mr. Cerutti, a well-known and respected authority in the art world, currently is the President of Christie’s Europe, Middle East, Russia and India (EMERI) operations. He has been operating for over a decade as a senior executive in the art auction world and within the cultural industry for over twenty years. Christie’s global executive leadership team remains in place with Stephen Brooks continuing in his role as Deputy Chief Executive Officer, overseeing all operational aspects of the business. Global President, Jussi Pylkkänen continues in his role working directly with leading collectors, shaping the curation and sales strategies, to increase the global footprint of the firm.