Martin Stevenson, CEO of Racecourse Media Group (RMG), has announced he will be stepping down from his role at the end of 2024. After a transformative four-year tenure at the helm, Stevenson leaves behind a legacy of innovation and growth. The RMG Board has initiated the search for his successor to ensure a smooth transition.
Martin Stevenson to Step Down as CEO of Racecourse Media Group at End of 2024
Stevenson, who has been with RMG since 2007, holding various roles, has significantly contributed to the group’s success. Under his leadership, RMG has become the largest funding organisation in British horseracing. His decision to step down aligns with his upcoming significant birthday, marking a personal milestone and a strategic moment for the company’s leadership transition.
Stevenson’s Legacy of Innovation and Growth
Reflecting on his journey, Stevenson remarked, “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.”
He added, “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.”
Leadership During Formative Years
Conor Grant, Chair of RMG, praised Stevenson’s contributions: “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.”
Grant continued, “RMG has been a tremendous success in maximising the commercial rights for its shareholders and generating more than £1.2bn ($1.51bn) for its racecourse members and British racing. Martin has been integral to this success.”
A Strategic Transition
Stevenson will remain in his role for the remainder of the year, working closely with the Board to manage the transition process. This period will ensure the incoming CEO is well-prepared to continue the company’s strategic initiatives and uphold its commitment to innovation and growth.
Conclusion: The Stevenson’s Tenure
As the search for a new CEO begins, RMG stands at a pivotal moment in its history. Stevenson’s tenure has laid a solid foundation, and the incoming leadership will have the opportunity to build on this success, steering RMG towards new heights in the future.
FAQs About the Martin Stevenson to Step Down as CEO of Racecourse Media Group
1. When will Martin Stevenson step down as CEO of Racecourse Media Group (RMG)?
Martin Stevenson will step down as CEO of Racecourse Media Group at the end of 2024.
2. How long has Martin Stevenson been with RMG?
Martin Stevenson has been with RMG since 2007, holding various roles over the years.
3. Why is Martin Stevenson stepping down from his position as CEO?
Martin Stevenson is stepping down to mark a personal milestone with his upcoming significant birthday and to allow the company to establish new leadership well ahead of the next rights renewal cycle.
4. What has Martin Stevenson accomplished during his tenure as CEO of RMG?
During his tenure, Stevenson has driven innovation and growth at RMG, contributing to its status as the largest funding organisation in British horseracing. He has also played a key role in maximizing the commercial rights for shareholders and generating over £1.2 billion for racecourse members and British racing.
5. What role did Martin Stevenson initially join RMG as?
Martin Stevenson initially joined RMG as Finance Director when the company was still a start-up.
6. Who commented on Stevenson’s tenure and what did they say?
Conor Grant, Chair of RMG, commented on Stevenson’s tenure, praising his contributions and leadership. Grant highlighted Stevenson’s role in the company’s development, innovation, and success in generating significant funds for British racing.
7. What will Martin Stevenson do for the remainder of the year?
Martin Stevenson will remain in his role as CEO for the remainder of the year, working with the Board to manage the transition and ensure a smooth handover to the new leadership.
8. What is RMG’s mission and contribution to British horseracing?
RMG is dedicated to maximizing the commercial value of media and data rights for its shareholders, which include 34 racecourses in the UK. The company has generated substantial funding for British horseracing, contributing to the sport’s sustainability and growth.
