Tom Ludt Joins Stronach Group

From Santa Anita Publicity
ARCADIA, Calif. (Apr. 11, 2013) -- The Stronach Group has announced that Tom Ludt has agreed to join the company as a Senior Vice President of the Racing and Gaming Group. Ludt has been President of Vinery Farm since 2004. In that role he oversaw significant breeding operations Vinery owned in Kentucky, Florida and New York. During his tenure, he recruited numerous stallion prospects to stand at all three locations. Tom also led the Racing Division, which produced numerous Grade I winners including a Breeders’ Cup champion and an Eclipse Award winner.

Ludt currently serves as Chairman of the Board of the Breeders’ Cup. He sits on numerous other Breeders’ Cup sub-committees: Governance, Compensation, Finance & Audit, Racing and Nominations, Marketing, and Race Day Medication Committee. As a condition of his employment with the Stronach Group, Ludt has agreed he will not stand for re-election as Chairman of the Breeders’ Cup although he will continue to serve as a Director. To ensure there will be no conflict of interest, Ludt will recuse himself from any vote of the Breeders’ Cup Board, which involves future host sites for the event.

Alon Ossip, CEO of the Stronach Group said, "We are extremely pleased to have a person of Tom's knowledge and stature as a key part of our team. He will be a great asset to us as our Group continues to expand within the industry.”

Added Ludt: “I am really excited about this new position and honored that The Stronach Group has the confidence in my knowledge and ability to assist them in advancing the sport of Thoroughbred racing and gaming. My passion for the Thoroughbred industry has led me through many doors and this great opportunity is too good to pass up. I can’t wait to get started.”

Ludt is a former member of the Kentucky Horse Racing Commission, served as chairman of the International Wagering Hub for KHRA and a board member of the Thoroughbred Owners and Breeders Association.

Having been involved with many aspects of the industry through ownership, insurance, farm management, developing racing partnerships and stallion syndications and with his service on various boards, Ludt has helped achieve significant changes with integrity and safety issues. He brings a diversified perspective to the Thoroughbred breeding and racing industry.

The following statement was issued from Breeders’ Cup President and CEO Craig Fravel on Tom Ludt:

“On behalf of the Breeders’ Cup Members and our Board of Directors, we congratulate Tom on his new position with The Stronach Group and thank him for his outstanding work as Breeders’ Cup Chairman. Tom's remarkable leadership, accomplishments and his desire to make the Breeders' Cup World Championships the best event in sports will be difficult to replace. We wish him well in his new endeavor and look forward to his continued service to the Breeders’ Cup.”

Ludt will serve the remainder of his term as a Breeders’ Cup Director but will not be standing for re-election as Chairman. The Breeders' Cup Members will elect new Directors to the Board in July. When the new Board is seated, the Directors will elect the new Chairman.