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Giles Thompson appointed RV CEO
21 Apr 2017 | By Andrew Eddy - racing.com 

Racing Victoria's acting chief executive Giles Thompson has been appointed to the crucial role on a permanent basis.

RV chairman Mike Hirst confirmed the appointment in a letter to staff on Friday: "It is with great pleasure that I advise you on behalf of the Board that Giles Thompson has been appointed to the position of Racing Victoria Chief Executive on a permanent basis effective immediately."

Thompson joined RV in September 2015 as Chief Financial Officer and according to Hirst has made 'a seamless transition' to lead the organisation since the departure of Bernard Saundry at the commencement of the year.

"The Board has been impressed with Giles' performance in guiding the organisation throughout 2017," Hirst said in the letter.

"We know that he will provide you with great leadership and strategic guidance, while striving to maintain Victoria's position of pre-eminence and maximizing the opportunities to grow our sport."

Hirst said the delay in the announcement had not been ideal.

"The process to appoint the Chief Executive has taken longer than expected and desired due to the impacts of the proposed changes to the Board and specifically the Director appointment process. I want to thank you for your patience and understanding while this occurred," he wrote.

"With the surety around our governance model now delivered following this week's Special General Meeting, it has allowed us to move forward with the Chief Executive's appointment."

Hirst said Thompson's appointment came at a pivotal time for Victorian racing.

"This is a very exciting time for the organisation and more broadly the sport with participation at record levels with over 60,000 active owners in Victoria and great racing on the track with wagering up over 9 per cent this financial year," he said.

"This success has led to a strong financial position, and the prospect of another healthy surplus this year, which enables us to invest in racing's future as we work together on our vision of 'racing for all'," Hirst said.