Martin Stevenson resigns as CEO of Racecourse Media Group
Date: 2024-07-03 Author: Kirill Zagoruyko Categories: PEOPLE
Martin Stevenson, CEO of Racecourse Media Group (RMG), has announced he will step down from his role at the end of 2024. The RMG Board of Directors has already begun the search for his successor to ensure a smooth transition and continuation of the company's successful trajectory.
Contribution to RMG Development
During his four-year leadership, Stevenson contributed to numerous innovations in the Group's operations. He has held various positions at RMG since 2007, starting his career with the company as CFO. Stevenson emphasized that he will remain in his current position until the end of the year, actively working with the Board of Directors to manage the transition process.
Commenting on his decision, Stevenson said: “I have a milestone birthday approaching and I think now is the right time for me to step back from this role and give the company the opportunity to take on a leadership position in advance of the next rights renewal cycle.” He expressed his gratitude for the opportunity to be involved with the RMG project from its inception, helping it grow into the largest funding body in British horse racing.
Achievement Evaluation
Conor Grant, Chairman of RMG, praised Stevenson's contribution, saying: “Having joined the business in its formative years, he has been at the forefront of its development, pushing the boundaries of innovation and striving to deliver value for our shareholders. RMG has been enormously successful in maximizing commercial rights for its shareholders and generating more than £1.2 billion ($1.51 billion) for its racecourse and British racing members. Martin played a key role in this success."
In February 2024, RMG entered into a significant partnership with Kwiff, giving the operator access to distribute racing content from the UK and Ireland to its customers. This agreement is one example of the innovation and strategic moves that have been made under Stevenson's leadership.
The resignation of Martin Stevenson as CEO of RMG marks the end of an important phase in the company's history. His leadership and strategic vision have played a key role in RMG's successes and achievements. The company faces new challenges and opportunities as it prepares for the next chapter of its history under new leadership.
Contribution to RMG Development
During his four-year leadership, Stevenson contributed to numerous innovations in the Group's operations. He has held various positions at RMG since 2007, starting his career with the company as CFO. Stevenson emphasized that he will remain in his current position until the end of the year, actively working with the Board of Directors to manage the transition process.
Commenting on his decision, Stevenson said: “I have a milestone birthday approaching and I think now is the right time for me to step back from this role and give the company the opportunity to take on a leadership position in advance of the next rights renewal cycle.” He expressed his gratitude for the opportunity to be involved with the RMG project from its inception, helping it grow into the largest funding body in British horse racing.
Achievement Evaluation
Conor Grant, Chairman of RMG, praised Stevenson's contribution, saying: “Having joined the business in its formative years, he has been at the forefront of its development, pushing the boundaries of innovation and striving to deliver value for our shareholders. RMG has been enormously successful in maximizing commercial rights for its shareholders and generating more than £1.2 billion ($1.51 billion) for its racecourse and British racing members. Martin played a key role in this success."
In February 2024, RMG entered into a significant partnership with Kwiff, giving the operator access to distribute racing content from the UK and Ireland to its customers. This agreement is one example of the innovation and strategic moves that have been made under Stevenson's leadership.
The resignation of Martin Stevenson as CEO of RMG marks the end of an important phase in the company's history. His leadership and strategic vision have played a key role in RMG's successes and achievements. The company faces new challenges and opportunities as it prepares for the next chapter of its history under new leadership.
