Change of Board Structure
The Board of Newbury Racecourse PLC have taken a decision to appoint a Chief Executive. Since 2008 the Racecourse has had a successful management structure of joint Managing Directors. During this period the redevelopment and land sale strategy was implemented to enhance shareholder value and secure the long term future of the Racecourse.
The Board believes that a more traditional structure of a sole Chief Executive is best suited for the Company as it moves into the next stage of implementing its strategy to redevelop the Racecourse as a year round racing, entertainment and events business.
A further announcement will be made once an appointment has been made.
For further information, please contact:
Hudson Sandler, Tel: 020 7796 4133