November 30, 2015 – Following the acquisition of the majority ownership interest of Artnews S.A. by BMP Media Holdings LLC, the Supervisory Board of Artnews S.A. has agreed on a number of management changes aimed to reflect the new structure of the company.
The Supervisory Board has accepted the resignation of Ms. Izabela Depczyk from the position of the President of the Management Board and CEO of Artnews S.A. in consideration of her desire to pursue other career opportunities and projects.
“Over the last two years Izabela led the company through a complete transformation from a local Polish, small scale, art business into the world’s leading art media company — Artnews S.A. On behalf of the Supervisory Board and all of the Artnews shareholders, I would like to congratulate and thank Izabela for her clear vision and unwavering determination to get things done and to wish her all the best in her new professional endeavors,” – commented Dan Gardner, Chairman of the Supervisory Board at Artnews S.A.
“It was a privilege for me to work with all the great people at Artnews S.A. on both sides of the Atlantic and to lead the transformation of our flagship brands of Artnews, Art & Business and Skate’s into vibrant, market-defining art media properties, culminating with the last month’s mile-stone merger with the art media assets acquired from BMP Media Holdings LLC (i.e. Art in America, The Magazine Antiques and The Modern). As I consider my mission at Artnews fully accomplished I would like to thank all of my colleagues, clients, shareholders and partners for this unforgettable opportunity and a fantastic journey,” commented Ms. Depczyk.