Christie’s named a new chief executive officer as part of a wider shake-up in the management of the billionaire Pinault family’s art-related investments.
Bonnie Brennan, who’s been at the auction house for the past 13 years, is set to become CEO of Christie’s on Feb. 1, replacing Guillaume Cerutti, the auction house said in a statement Wednesday.
After running Christie’s for the past eight years, Cerutti will assume oversight of the artistic and cultural activities of Artemis, the Pinault family’s holding company.
The Pinaults’ wealth largely derives from their controlling stake in Kering SA, the owner of Gucci, Yves Saint Laurent and other luxury brands. Cerutti will continue as chairman of Christie’s.