Sotheby's and Phillips announce departures and arrivals

NEW YORK (NYT NEWS SERVICE).- On Wednesday, two of the three major auction houses announced shifts in the makeup of their leadership teams. Phillips announced that Stephen Brooks would become the company's next chief executive as its former leader, Edward Dolman, transitioned to a new role as executive chairman. Separately, Sotheby's said that the head of its fine art division, Amy Cappellazzo, would depart the company after more than five years guiding it toward billionaire clients and major sales; her duties will be divided among three different employees when she leaves the auction house this summer.