Smith most recently was president and CEO of Sotheby’s, a New York Stock Exchange-listed company that he sold for $3.7bn in late 2019. Earlier, he served as president and CEO of Madison Square Garden, an entertainment conglomerate, following a stint as president, local media at Cablevision Systems Corp. He also has held executive roles at Reed Elsevier Group PLC, Starwood Hotels and Resorts, BMG Entertainment and New York City Taxi & Limousine Commission, and served as an adviser at McKinsey & Co.
Farrell is an associate at ValueAct Capital, a San Francisco-based investment firm. She joined in August 2018, after serving as an analyst in Blackstone's Private Equity group. Prior to Blackstone, Farrell was an analyst at JP Morgan in the mergers & acquisitions group and worked as an equity research associate in UBS's investment banking division.
'I have known Tad for decades and the principals at Value Act for several years. They are both proven value creators that share our passion for Lindblad's mission and conviction about the massive opportunity in front of us,' Lindblad Chairman Mark Ein said.
The appointments are effective immediately. Farrell and Smith will stand for re-election by shareholders at the company’s 2020 annual meeting.