Ruprecht joined Sotheby's in 1980. Ruprecht was named CEO of Sotheby's in February 2000 and was elected chairman in 2012. He had previously was Executive Vice President of Sotheby's and Managing Director of the company's North and South American divisions. Ruprecht stepped down in November, 2014 amid criticism from hedge-fund billionaire and activist investor
Daniel Loeb. On 17 March 2015, it was announced that
Tad Smith would succeed Ruprecht as CEO of Sotheby's. ==References==