Process for appointment of a new CEO

01:11 AM 14 Jun 2014 NZST
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Harness Racing New South Wales

As previously advised, HRNSW's Chief Executive Officer, Sam Nati, announced his resignation to the Board on Wednesday 14th May 2014 to take up an external consultancy role. Sam's resignation will take effect from Friday 22 August 2014.

As outlined in that media release the process to find Sam's replacement was to commence soon thereafter.

The purpose of this media release is to advise the industry of the process that will be followed to select the new CEO.

Prior to the last Board meeting a number of search firms were approached to provide an outline of their services, their selection techniques and strategies and past experiences in the appointment of similar level positions in both the private and not-for-profit sectors.

Watermark Search International ("Watermark") was subsequently appointed by the Board to undertake the search and the Board also elected 3 of its members, namely myself and Alex and Rod Smith, to work with Watermark in the early stages of the selection process.

Mr Gregory Dohnt, a partner of Watermark, met with us on Friday 6 June and commenced the process this week. He is expected to report back to us over the next two to three weeks with his initial findings and thereafter on a more regular basis until the appointment has been completed.

We expect a number of industry participants will approach or be contacted by Watermark as will a number of non harness candidates. Watermark will be responsible for screening all candidates and providing us with a short list of candidates to interview.

The Board believes that the process to identify and select a new CEO will take between six and eight weeks and will negotiate a starting date with the successful candidate as soon as possible thereafter.

If anyone has any questions in relation to the process please do not hesitate to contact myself or Peter Carney who is co-ordinating the process on behalf of the Board or Greg Dohnt at Watermark on (02) 9233 1200.

Harness Racing NSW (HRNSW) is the controlling body for harness racing in New South Wales with responsibility for commercial and regulatory management of the industry including 31 racing clubs across the State. HRNSW is headed by an industry-appointed Board of Directors and is independent of Government.

To arrange an interview or for further information please contact:

Name: Rex Horne

Position: Chairman

Phone: (02) 9722 6600

Email: rhorne@hrnsw.com.au

Nancy O'Grady | Executive Assistant | Harness Racing New South Wales |

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