Jacob Pabst, CEO of Artnet, reflects on the company's transformation since taking the helm in 2012, including the launch of Artnet News in 2014 as a digital-first publication. In an interview, he discusses how the platform grew to become the most-read art publication globally, with over 200 million annual page views, by prioritizing real-time news and market analysis over traditional print cycles.
Jacob Pabst, CEO of Artnet AG, resigned late Sunday night just before the company's annual general meeting in Berlin. His contract had expired at the end of August, and he cited a failure to reach an agreement on continuing. Andrew E. Wolff, who holds about 98.93% of Artnet shares and also owns rival platform Artsy, will serve as interim CEO. The meeting proceeded without Artnet management present, leading to criticism from investor-protection group DSW. Shareholders were given an overview of 2024 finances and approved the creation of authorized capital for a possible increase of up to 50% of share capital. Former major shareholder Rüdiger K. Weng announced he will pursue civil and criminal claims against members of the founding Neuendorf family and board members.