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MarketScreener Homepage  >  Equities  >  Nyse  >  Sotheby's    BID

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Sotheby's taps Altice USA executive Charles Stewart as CEO

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10/28/2019 | 08:21am EST

(Reuters) - Sotheby's on Monday named Altice USA Inc executive Charles Stewart for the top job, months after the cable television firm's majority owner Patrick Drahi announced plans to take the auction house private in a surprise multi-billion-dollar deal.

Stewart joins Sotheby's as the chief executive officer effective immediately, succeeding Tad Smith, who has been with the company since 2015.

Stewart was the chief financial officer at Altice USA most recently and his other stints include serving as an investment banker at Morgan Stanley.

In June, Franco-Israeli cable magnate Drahi made a surprise move into the art world by snapping up Sotheby's in a $3.7 billion (2.9 billion pounds)deal, partly funded by the sale of some of his shares in Altice USA.

Altice USA, in a separate statement, named Michael Grau as its chief financial officer.

(Reporting by Soundarya J in Bengaluru; Editing by Subhranshu Sahu)

Stocks mentioned in the article
ChangeLast1st jan.
ALTICE USA, INC. 2.84% 26.05 Delayed Quote.57.69%
MORGAN STANLEY 1.49% 49.8 Delayed Quote.25.60%
SOTHEBY'S 0.00%End-of-day quote.43.41%
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Managers
NameTitle
Charles F. Stewart Chief Executive Officer
Domenico de Sole Chairman
Ken Citron Chief Transformation Officer & EVP-Operations
Michael Fenton Goss Chief Financial Officer & Executive Vice President
Scott Henry Executive VP-Technology & Worldwide Operations
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