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Friday, 18 December 2015 11:25

Sotheby’s CFO/Executive Vice President Will Step Down January 1

Sotheby's London. Sotheby's London. Wikimedia Commons

Sotheby’s, the New York-based auctioneer under pressure to improve returns, said Patrick McClymont will resign as its chief financial officer and executive vice president effective Jan. 1, a little more than two years after assuming the post.

McClymont was a partner and managing director at Goldman Sachs Group Inc. prior to joining Sotheby’s in 2013. He will receive $3.75 million in cash severance.

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