NYRA Board Focuses On CEO Search In Third Meeting
By Ashley Herriman | 02/27/2013 06:16 PM ET
The New York Racing Association, Inc. (NYRA) Board of Directors focused on the search for a new Chief Executive Officer on Wednesday during its third meeting, and also announced the formation of a task force to articulate a long-term vision for the organization.
Meeting in Manhattan, the Board discussed its search for a new Chief Executive Officer, and authorized NYRA to enter into a contract with RSR Partners to conduct a search for that individual.
Also on Wednesday, Chair David Skorton announced the formation of a task force charged with developing a long-term plan for NYRA. Board members Bobby Flay and Michael Dubb will co-chair, and Michael DelGuidice, and Rick Cotton will sit on this task force along with NYRA staff members.
The Board also heard reports from NYRA President and COO Ellen McClain, the Compensation Committee, the Public Hearings and Communications Committee, and the Equine Safety Committee. Based on a recommendation from Anthony Bonomo, Chair of the Equine Safety Committee, the Board voted to authorize NYRA to arrange for necropsies on all equine fatalities occurring at NYRA facilities. Previously necropsies were routinely conducted only on racing fatalities.
In total, the Board today:
Voted to authorize NYRA management to enter into a contract with RSR Partners to conduct a search for a Chief Executive Officer.
Voted to authorize NYRA to arrange for necropsies on all equine fatalities occurring at NYRA facilities.
Voted to authorize NYRA to extend the 2-year-old bonus program initiated in 2012.
Voted to appoint NYRA Peace Officers pursuant to Section of 223 of the New York State Racing, Pari-Mutuel Wagering, and Breeding Law, to serve at the pleasure of the NYRA Directors and Officers.
Voted to approve the minutes of the Board meeting held on January 25, 2013.
All materials discussed and reviewed during the Board’s meetings, replays of past meetings, and a list of Board members are available here.
About the NYRA Board: The NYRA Board consists of 17 directors: eight appointed by Governor Cuomo; two directors each appointed by the Senate and Assembly; and five directors appointed by the former NYRA Board. Breeders and Horsemen each have an ex officio member. The NYRA Board is in effect for 3 years, following which NYRA will revert back to majority private control. Seven of the appointees are new to the NYRA Board, and bring experience from the entertainment, finance, and legal fields in addition to horse racing.