Phillips Hires Back Former CEO, This Time as COO, as Financial Losses Compound

Phillips auction house has appointed Bernd Runge, a former publisher at Condé Nast and Interview Magazine, as its new COO. Runge, who previously served as Phillips’s CEO from 2009 to 2013, returns as the house undergoes a significant shift in its leadership.According to public filings with the UK’s corporate register, Runge, a German citizen, assumed the role at the end of last month after departing Interview Magazine. News of Runge’s appointment by Phillips was first re