The Jockey Club appoints Group Finance Director from British Gas

15th May 2013

The Jockey Club, the largest commercial group in British horseracing, today announced the appointment of Nevin Truesdale as its new Group Finance Director, reporting to Group Chief Executive, Simon Bazalgette.

Truesdale will join The Jockey Club on 12th August 2013 from FTSE 100 firm, Centrica plc, where he is currently Finance Director of the largest business unit of British Gas, its £9 billion turnover Residential Energy division. He replaces Andrew Crean, who has joined The Football Association as its Chief Financial Officer.

In his new role based in The Jockey Club’s head office in High Holborn, Truesdale will be responsible for all aspects of the Group’s financial planning, reporting and control; working with its banking partners; and contributing to strategic decision-making. He will join the Jockey Club Racecourses Board as a director.

Direct reports will include The Jockey Club’s Financial Controller, Regional Finance Directors, Shared Finance Centre and Business Services function.

At Centrica plc, Truesdale is responsible for a finance team of 90 people and also for financial support for British Gas’ Commercial and IT functions. He is also a member of the company’s Energy and Finance leadership teams. Previously he was Finance Director for British Gas’ New Markets division, Finance Director for British Gas Pay as You Go Energy unit and prior to that a Finance Manager at The Automobile Association (AA). He began his career at Ernst & Young, where he spent almost six years.

A keen horseracing fan, Truesdale is originally from Hillsborough, Northern Ireland and attained a degree in Economics from Cambridge University. He has been a qualified Chartered Accountant since 1998 and is a Full Member of the Institute of Chartered Accountants in England & Wales.

Simon Bazalgette, Group Chief Executive, The Jockey Club, said:

“Nevin brings just the right blend of experience and enthusiasm to this role. I’m confident he will become an excellent member of our senior team, contributing to business strategy and ensuring our financial operations and performance goes from strength-to-strength in the coming years. We were absolutely delighted by the calibre of applications we received for the role and it is testament to Nevin that he stood out.”

Nevin Truesdale said:

"I'm absolutely delighted to be joining The Jockey Club at a very exciting time in its development. I'm very sorry to be leaving my role at British Gas, but the opportunity to be part of a very strong team, in a sector I have a huge interest in, was an easy one to accept.

"I look forward to working with the Stewards, the executive team and all of the people across The Jockey Club's businesses to contribute to the strategic direction and future growth of the Group, building on very strong 2012 results. I also look forward to leading and developing the teams for which I will have responsibility and to help to sustain a strong business acting for the long-term good of British racing."

About Nevin Truesdale

Centrica plc (October 2008 to present)
November 2011 – Finance Director, British Gas Residential Energy, plus Commercial & IT
September 2009 to November 2011 – Finance Director, British Gas New Markets
October 2008 to September 2009 – Finance Director, British Gas Pay as You Go Energy

The Automobile Association (March 2003 to October 2008, previously part of Centrica plc)
September 2006 to October 2008 – Finance Manager, Road Business Services & Operations
March 2004 to September 2006 – Finance Manager, Road Business Services & Business Units
March 2003 to March 2004 – Finance Manager, Consumer Marketing

Centrica plc (May 2001 to March 2003)
January 2002 to March 2003 – Senior Business Assurance Executive, Centrica Corporate Centre
May 2001 to January 2002 – Senior Business Assurance Executive, British Gas Home & Road Services

Ernst & Young (September 1995 to May 2001)
August 1999 to May 2001 – Supervisor / Manager, Industrial Products Group
September 1998 to August 1999 – National Graduate Recruitment Executive
September 1995 to September 1998 – Trainee / Assistant Accountant, Audit & Business Advisory