Auction house Sotheby’s has named Madison Square Garden chief executive Tad Smith as its new CEO and president.
Smith, who has nearly 25 years of experience mostly in the media and entertainment business, will replace William Ruprecht, who held the position since 2000.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In November last year, Ruprecht agreed to step down after activist shareholders publicly campaigned for a leaner and more-profitable company.
Smith has been president and CEO of the Madison Square Garden Company since February 2014. In this role, he oversaw the overall strategy and day-to-day operations of MSG Sports, MSG Media, and MSG Entertainment.
Sotheby’s said that it will also separate the roles of chairman and chief executive, and the board has elected lead independent director Domenico De Sole to replace Ruprecht as chairman of the board.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
