Racecourse Media Group chief executive Martin Stevenson is set to step down at the end of the year.
Stevenson has told the RMG board to start the process of finding a successor as a “significant birthday” that has inspired a change of course approaches.
He said he wants new leadership in place “in plenty of time” ahead of the next rights renewal cycle, insisting that RMG has “exciting innovation plans for the future” already in development.
RMG is responsible for a range of media rights management businesses involving 37 racecourse shareholders including Racecourse Data Company and RacingTV.
Stevenson joined as finance director in 2007 before becoming CEO in 2020. He said the business has “achieved a great deal in reclaiming control of our racecourses’ media and data rights” while creating “real substantial commercial success for the industry, having now delivered more than £1.2bn to the industry.”
“The industry undoubtedly has some challenges, but RMG is an excellent example of what can be achieved when the industry comes together in the right way with clear focus, commitment and good governance,” he added.
RMG chair Conor Grant said: “Having started with the business in its formative years, he has been at the forefront of its development, pushing the boundaries on innovation and committed to delivering for our shareholders.”
Stevenson will remain in his post to lead the business in the coming months and will work with the board and executive to manage the transition to his successor.
