Racing SA will begin the search for a new Chief Executive Officer following the resignation of Nick Redin.
“Announcements like this one are always bittersweet. While we know we are losing a quality leader, after 14 years at Racing SA Nick now has a terrific opportunity outside of our industry that he wants to pursue and we wish him nothing but the best in doing that,” said Racing SA Chair Rob Rorrison.
“Nick’s period as CEO has not been without its challenges. He took over and immediately had to deal with the issues around the COVID-19 pandemic and the role he played at that time was pivotal in ensuring racing was able to continue.
“While we have continued to operate with significant funding constraints that heavily impact our competitiveness, Nick hasn’t just overseen the revitalisation of the Racing SA brand, but has also led the team that have worked tirelessly to deliver:
- a 20% increase in prize money and breeding bonuses
- an increase in average field sizes from 8.7 to 10.1 runners per race and no third dividend races being reduced by 52% over the same period (which are central to the industry’s Strategic Plan)
- significant infrastructure improvements at clubs across South Australia including the Murray Bridge Racecourse redevelopment, and
- the resourcing and launching of welfare, education and training initiatives that have been sorely needed by the industry
…all of which are a measure of our success over this period.”
Nick will remain in the role until 25 November 2022 to facilitate a seamless transition to a new CEO.
“I feel very fortunate to have had the trust and respect of a strong Board and to have been surrounded by so many committed and passionate people along the journey. Pound for pound the team we’ve developed at Racing SA is the best in the business,” Nick said.
“In particular, the challenges thrown up by the pandemic required a whole of industry response, and I will always be immensely proud of the way everyone rose to the challenge to ensure we could keep racing.
“However, after 14 years with the organisation, it’s time for a new challenge and for a new CEO to continue to grow and protect racing in South Australia.
“It is my hope the Malinauskas State Government realises how disadvantaged we are as an industry in SA from a consumption tax funding perspective and addresses it in the short term so the new CEO can continue to build on the growth that has been achieved over the last two and a half years.”
Media: Phil Martin, Michels Warren on 0418 817 876 or firstname.lastname@example.org