Racecourse Media Group (RMG) has announced that its Chief Executive, Martin Stevenson, has asked the Board to start the process of finding his successor. It is anticipated that Stevenson will step down from the role at the end of the year.

Stevenson, who joined RMG in 2007, has led the business since 2020 overseeing the delivery of record results for member racecourses while setting the business on a clear path of innovation to help secure future development. He will remain in post to lead the business in the coming months and work with the Board and Executive to manage the transition to his successor.

Stevenson commented: “I have a significant birthday approaching and I think now is the right time for me to relinquish the role and enable the business to put in place its leadership in plenty of time ahead of the next rights renewal cycle. It has been a huge honour and privilege to have been involved in the RMG project. Having joined as Finance Director when it was still a start-up, to helping it grow to become the largest funding organisation in British horseracing, it has been an exciting and engaging journey. The business has achieved a great deal in reclaiming control of our racecourses’ media and data rights and has created real substantial commercial success for the industry, having now delivered more than £1.2 billion to the industry.

“The industry undoubtedly has some challenges, but RMG is an excellent example of what can be achieved when the industry comes together in the right way with clear focus, commitment and good governance. I know I’ll be leaving RMG in great shape and with exciting innovation plans for the future that are in development now. I would like to thank the excellent team at RMG for all their hard work and passion in helping to make RMG such a success. I would also like to thank all our racecourses for their fantastic support and putting their faith in us to deliver for them.” he added.

Conor Grant, Chair of RMG, said “Martin has made an enormous contribution to Racecourse Media Group over the last 17 years, serving with great distinction as Chief Financial Officer for 13 years and as Chief Executive since 2020. Having started with the business in its formative years, he has been at the forefront of its development, pushing the boundaries on innovation and committed to delivering for our shareholders. RMG has been a tremendous success in maximising the commercial rights for its shareholders and generating more than £1.2 billion for its racecourse members and British racing. Martin has been integral to this success. He has been a great ambassador for RMG and leaves the business in rude health and with exciting plans to ensure our continued growth. I would like to thank Martin for his wonderful service and dedication to the business and, on behalf of the board and all RMG shareholders, we wish him every success in the future.”

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Tags: horse racing, racecourse, Racecourse Media Group, rmg