Art galleries rarely outlive their impresario founders, but one of the industry’s powerhouses—Gagosian Gallery—is undergoing a major shakeup aimed at keeping the franchise on top indefinitely.
This week, the gallery said it promoted director Andrew Fabricant to the newly created position of chief operating officer, potentially putting him first in line to succeed the gallery’s 73-year-old founder Larry Gagosian.On Tuesday in New York, Mr. Gagosian gathered some of his top salespeople—a 24-member group he has formed into a new advisory board—and told them that Mr. Fabricant will now help oversee the company, which has...
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