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Racecourse Media Group (RMG) CEO Martin Stevenson has announced he will be leaving his position at the end of 2024, following a four-year stint in the top job – the board has now begun searching for his successor.
During his tenure as CEO, Stevenson aided innovation at the Group, which he has been with on a multitude of roles since 2007. Stevenson is set to remain in his current role for the remainder of the year, working with the Board to manage the transition amid his departure.
Speaking on his decision, Stevenson said: “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.”
Conor Grant, Chair of RMG, also commented on Stevenson’s tenure, saying: ““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 £1.2bn ($1.51b) for its racecourse members and British racing. Martin has been integral to this success.”
In February, RMG entered into a partnership agreement with Kwiff, granting the operator distribution access to UK and Iris racing content for its customers.
