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McCarthy Steps Down From NZTR Board

Wednesday, 25th May 2016

Greg McCarthy has resigned as a member of the New Zealand Thoroughbred Racing Board, reports NZ Racing Desk. McCarthy, who was among the original members when the Board was restructured in 2011, has now completed two terms as an NZTR Board member and has decided not to seek reappointment for a third term. His decision to step down will allow him to devote more time to his role as the NZTR nominee on the New Zealand Racing Board and to his own business interests. "I have thoroughly enjoyed my time on the NZTR Board and I will continue to pursue improvements for the racing industry as NZTR's nominee to the Racing Board, as it confronts a number of strategic challenges," McCarthy said. NZTR Chairman Alan Jackson praised McCarthy's contribution to NZTR. "Greg has played a pivotal part in the success of the new board and his financial acumen has been particularly valuable on the Audit and Risk Committee. He deserves much of the credit for returning NZTR to financial sustainability, through five successive surpluses, while still able to increase aggregate and average prize-money." The NZTR Members' Council will now call for applications to fill the vacancy on the NZTR Board.

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