Clean-out at racing board

Chief executive Chris Bayliss

Just months after losing a long-running defamation battle in the High Court, the NZ Racing Board has had a major management clean-out, with the appointment of four executives.

Chief executive Chris Bayliss, who has been in the job since August, says the new appointments are the result of "a clear need for change".

"The industry is facing a number of significant challenges and opportunities that make it vital we have a leadership group comprising different skills, experiences and approaches," he says.

Stewart McRobie, who replaces Stuart Robb, will be the board's new chief financial officer after a six-year stint as CFO at ASB.

Monique Cairns, formerly with Barclays, ANZ, Telecom, BNZ and GE Capital, is the new general manager of strategy, marketing and corporate affairs.

Colin Philp, head of client delivery for Gen-i in Sydney, has been appointed chief information officer, and Shameel Sahib is head of strategy after having senior roles with SkyCity, Air New Zealand and BNZ.

In July, the board was found guilty of defamation against First Sovereign Trust.

The trust's chief executive, Kerry Bird, was awarded $20,000 in damages.

The suit was sparked by an article in the NBR in November 2010 about pub pokie fraud.

The board issued a response, which the trust believed made them out "to be fraudsters".

Mr Bayliss says the management shakeup has nothing to do with the defamation case and does not signify a crisis. 

"It's a structured re-evaluation of how I want the organisation organised, and the type of people who have the requisite skills to really drive growth."

Former racing board chairman Michael Stiassny stepped down in July after being brought in to clean up its tarnished image in December 2006.

He was replaced by Dr Alan Jackson. 

This article is tagged with the following keywords. Find out more about My Tags

Post Comment

5 Comments & Questions

Commenter icon key: Subscriber Verified

Sheesh!
They have trouble making a parliamentary protected monopoly work??
And that is where the fault lies, with parliament, their ridiculous regulations have shut out the sunlight of enterprise and initiative, resulting in racing being caught in a 1950's time warp.

Reply
Share

. Lets hope there are some positive results, and someone may even kick around the idea of listing TAB NZ on the stock exchange?

Reply
Share

Like Hell!

The industry gets far too little back from the TAB as it is without having to share the meagre profits with shareholders

In any case the racing clubs of NZ own the TAB not the NZRB(though they believe they do and the TAB itself thinks it owns the Clubs)

Needless to say a pretty dysfunctional outfit

Reply
Share

I wonder if this means that the tight A___ incharge of the cheque book has gone, and a new person can re negotiate a decent financial remuneration package, and lure the very best in the business Mr T Lee back into the broadcasting box where he belongs.
It's a funny thing in business, when you have the best you pay them well to keep them, but sadly not in NZ where you continually cut them off at the knees, and pay them peanuts, I betcha the Lotto presenmter on TV gets more per week than our seriously skilled racecourse commentators.
For goodness sake!! somebody at NZTBR go and get Tony Lee back where he should be and pay him well, along with all of the others.

Reply
Share

Too many ex corporates in that lot. The business cultural clash with those running the clubs will continue.

Reply
Share

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7744 -0.0034 -0.44%
AUD 0.9521 0.0005 0.05%
EUR 0.6328 0.0000 0.00%
GBP 0.4964 0.0000 0.00%
HKD 6.0049 -0.0276 -0.46%
JPY 92.6340 0.0890 0.10%

Commods

Commodity Price Change Time
Gold Index 1198.3 8.880 2014-12-18T00:
Oil Brent 59.3 0.110 2014-12-18T00:
Oil Nymex 54.4 -2.250 2014-12-18T00:
Silver Index 15.9 0.006 2014-12-18T00:

Indices

Symbol Open High Last %
NZX 50 5518.5 5545.0 5518.5 0.17%
NASDAQ 4752.6 4765.8 4748.4 0.25%
DAX 9901.3 9901.3 9811.1 -0.06%
DJI 17778.0 17830.6 17778.2 0.10%
FTSE 6466.0 6566.9 6466.0 1.32%
HKSE 23158.3 23189.6 22832.2 1.25%
NI225 17511.0 17621.4 17210.0 2.39%