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Racing Victoria CEO Giles Thompson resigns

Giles Thompson, Racing Victoria CEO has announced his resignation, effective June 30. Picture: AAP Image–Scott Barbour

 

By Stephen Brassel
01:58pm • 14 January 2022

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Racing Victoria will begin the search immediately for a new CEO after the resignation on Friday of the current Chief Executive Giles Thompson.

After more than five years at the helm of Racing Victoria Mr Thompson will leave his post at the end of the financial year, on June 30.

Previously Giles Thompson had joined Racing Victoria in 2015 as Chief Financial Officer and served as interim CEO from late 2016 until his permanent appointment in April 2017.

RV Chairman Brian Kruger spoke glowingly of the contribution from his outgoing CEO.

“On behalf of the Racing Victoria Board and Executive Team I would like to extend my thanks to Giles for his significant contribution to the prosperity of racing in Victoria over more than five years,” Kruger said.

“Giles’ tenure has been characterised by strong governance and financial management, enabling record levels of investment for the benefit of all of our many stakeholders.

“Of course, his biggest achievement has been leading his team and the industry through the unparalleled challenges of Covid. To have kept the industry operating as successfully as it has over the last two years is a testament to his hard work and dedication.”

Racing Victoria Chairman Brian Kruger and Giles Thompson. Picture: Fiona Hamilton – Racing Photos

 

Mr Thompson will remain in the CEO role until June 30 to ensure a smooth transition to his successor.

“The Board appreciates Giles’ commitment to oversee the transition to new leadership and we wish him well in his future endeavours,” Kruger said

“It has been my privilege to lead this industry for more than five years during what has been an incredible period of growth. I am particularly proud of the record $280m of prizemoney and bonuses now on offer for hardworking participants who are the lifeblood of our sport,” Thompson said.

“With the customer at the centre of everything we do, we have been able to drive great outcomes, from the exceptional quality of our racing program, participants and athletes, to our world class infrastructure and facilities.

“While it will continue to evolve, the Victorian Spring Racing Carnival remains one of the world’s greatest racing events with 21 Group One races, $110m in prizemoney and top-quality racing on some of the best race tracks in the world.

“Having finalised the establishment of the integrated media business and successfully navigated the industry through the peak challenges of the global pandemic, the time is right to hand over to a new CEO to lead the industry into its next phase.”