The New York-based auctioneer of fine art and jewelry, Sotheby’s (BID
), announced on Monday that it had named a new CFO.
It was reported that William Sheridan, executive VP and CFO, is leaving the company after 17 years of employment; Patrick McClymont, a partner and managing director at Goldman Sachs (GS), will succeed Mr. Sheridan effective on October 7th. Sheridan commented, “I have had the privilege of working with a highly skilled, highly professional finance, investor relations and information technology team at Sotheby’s that I invested in and helped build, and they deserve an enormous amount of credit for all that we accomplished. It has been a true pleasure to be part of Sotheby’s and now I look forward to spending more time with my family and focusing on charitable work.”
Sotheby’s shares inched higher on Monday, gaining 0.74% on the day. The stock is up 41% YTD.
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