Paul Fisher will be promoted to the role of Chief Executive of Jockey Club Racecourses, on the back of his sustained success at leading the racecourse group that stages the likes of The Cheltenham Festival, the Randox Health Grand National, The Investec Derby Festival and the QIPCO Guineas Festival. The move takes effect from 1st July 2017.
Currently Group Managing Director of the 15-strong racecourse group, Fisher has led Jockey Club Racecourses to achieve eight consecutive years of growth, which have allowed it to make record prize money contributions and major investments to racing's infrastructure.
He has also overseen a raft of successful innovations in recent years. This includes the issue of the first retail bond in British sport; the launch of Jockey Club Services, which provides business services to UK sports organisations and was just awarded the Sports Innovation Award at the Sports Business Awards; the formation of Jockey Club Live, which quickly established itself as one of the UK's largest music promoters; and the introduction of Rewards4Racing as The Jockey Club's loyalty scheme, which now has more than one million members and has expanded to also include York Racecourse and Arena Racing Company.
In his new capacity, Fisher has also become The Jockey Club’s appointment to the board of British Champions Series Ltd.
He will continue to report to Simon Bazalgette, Group Chief Executive of The Jockey Club and Chairman of Jockey Club Racecourses.
The Jockey Club also announced that Nevin Truesdale has added the heritage title and responsibilities of 'Keeper of the Match Book' to his current role of Group Finance Director. He has assumed this additional responsibility following the retirement of Christopher Foster, which sees him oversee the governance, rules and regulations of the Club and the interpretation of its Royal Charter. He continues to report to the Group Chief Executive. Truesdale joined The Jockey Club in 2013 from Centrica plc, where he was Finance Director of its £9 billion-a-year British Gas Residential Energy business. He is also a board director of Jockey Club Racecourses.
In addition, Scott Bowers, who joined The Jockey Club as Group Director of Communications in 2010 from leading the sports division of the world's largest PR agency, Weber Shandwick, recently assumed the title of Group Director of Communications and Corporate Affairs. This better reflects his role on the executive management team, where he is involved in strategic business decision-making, reporting to the Group Chief Executive. He is also a board director of Jockey Club Racecourses.
Simon Bazalgette said:
"I am proud of our executive management team and what they, and all of our hardworking colleagues around The Jockey Club, achieve for British Racing on a daily basis.
"Under Paul's leadership, we have seen Jockey Club Racecourses' turnover increase by more than 90 percent since The Jockey Club's first full year operating solely as a commercial group, leading to increased prize money contributions to new record levels each year. His promotion is a reflection of achievements such as these and the responsibilities he delivers for us today."
Paul Fisher said:
"We’re proud to welcome millions of people each year to enjoy our events and, whether they are coming because they are racing fans, looking for a great day out or participants in our sport, we want each to have a fantastic Jockey Club experience at our venues or through our broadcast partners. As well as investing large sums in our facilities and prize money to achieve the growth we have in recent years, we have also put a lot of emphasis on building a really positive, supportive and high-performing culture. Our people are our greatest asset and we’ll continue to invest in them in the years ahead."