Chief Executive Officer Update
The Victoria Racing Club (VRC) has announced today that VRC Chief Executive Officer (CEO) Steve Rosich has provided notice to the VRC Board of his resignation.
Mr Rosich will be continuing in the role of CEO during the notice period as the VRC commences the recruitment process for his replacement. The notice period also allows Mr Rosich to consider his next role.
It comes at a time that the VRC has achieved important milestones including record membership numbers, record corporate revenues, the finalisation of the new groundbreaking media and wagering partnership with TAB and Nine Entertainment to 2029, strong growth in 2023 Melbourne Cup Carnival crowds and a record economic contribution from the 2023 Melbourne Cup Carnival to the State of Victoria.
VRC Chairman Neil Wilson thanked Mr Rosich for his commitment to the VRC during nearly four years as CEO.
“On behalf of the VRC Board of Directors and the VRC team, I would like to thank Steve for his significant contribution to the VRC,” Mr Wilson said.
“During his tenure, we have seen the VRC emerge from the COVID-19 period well placed, with the business achieving significant milestones, including record membership and corporate revenues, growth in Cup Week crowds, the new media and wagering partnership with TAB and Nine Entertainment and record economic contribution from the 2023 Melbourne Cup Carnival to the State of Victoria.
“Steve will be continuing in the role as CEO during the recruitment process for the new CEO.”
Mr Rosich commented on his decision.
“After four Melbourne Cup Carnivals and working with the VRC Board and team to deliver on the VRC’s strategic priorities, it feels like the right time to provide the VRC with notice of my resignation,” Mr Rosich said.
“I commenced as CEO at the height of the COVID-19 pandemic and together with the wider team, we navigated the challenges of that period to come out the other side with key success milestones including record membership levels, a new media rights agreement, corporate revenue growth and record economic impact.
“I remain focused in my role as CEO during the notice period and I sincerely thank Neil and the VRC Board, management team, staff, club partners and members for their support of me and the VRC Team. The future of the VRC is very bright and secure with everyone at the club committed to building on the milestones we have achieved together.”
