"The acquisition sees a gutting of key leadership at the auction house: Chabi Nouri has left as chief executive officer and Céline Assimon has stepped down as chief commercial officer. Nouri was appointed to the role only last year, while Assimon joined in 2023. Meanwhile, Alex Lejeune, currently Bonham's chief financial officer, will leave at the end of the year."
"They are replaced by three business heads with no apparent art or luxury world experience. Seth Johnson joins as chief executive, Liese Thomas as chief financial officer and Jennifer Babington as chief executive officer, all of whom carry "a proven track record of success in serving high value customers in marketplaces and steering through periods of change", according to Hoejsgaard's statement."
Bonhams was acquired by Pemberton Asset Management from private equity firm Epiris. Several senior executives have departed: chief executive Chabi Nouri and chief commercial officer Céline Assimon have left, and chief financial officer Alex Lejeune will depart at year-end. Three new business-focused leaders have been appointed: Seth Johnson as chief executive, Liese Thomas as chief financial officer and Jennifer Babington as chief executive officer, none with apparent art or luxury industry experience. Epiris had floated Bonhams for sale in 2023 after acquiring it in 2018 and pursuing expansion through purchases of specialist houses. Financial terms of the acquisition are undisclosed.
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