Guillaume Cerutti

PARIS — It’s all change at Christie’s with Guillaume Cerutti — currently president of Christie’s Europe, Middle East, Russia and India (EMERI) operations — set to take over as chief executive officer, effective Jan. 1.

François Pinault, whose family holding company, Groupe Artemis, owns the London-based auction house, expressed his “full support” for the appointment that came on the recommendation of current Christie’s ceo Patricia Barbizet.

Barbizet, who is also ceo of Artemis, will move to the role of vice chairman of Christie’s, with Pinault to assume the role of chairman of its board, the auction house said in a statement.

“Two years ago I asked Patricia to take the helm of Christie’s and adapt the organization to the new challenges of the art industry and market. During these two years, she has worked tirelessly on the key milestones we had established to capitalize upon Christie’s leadership,” stated Pinault. “It will now be for [Cerutti] to push this advantage even further.”

A well-known and respected authority in the art world, Cerutti has been operating for over a decade as a senior executive in the art auction world and within the cultural industry for more than 20 years.