|Monday, October 09, 2006|
|New Chair for British Horseracing Authority|
Paul Roy, a highly successful figure in investment banking, and owner of several top-class racehorses including St Leger winner Sixties Icon, Wilko and Dutch Art, has been appointed as Chairman-designate of the British Horseracing Authority (BHA), Racing’s new governing body.
Roy, 59, will lead BHA for a three-year term when it begins operation in early 2007. BHA will combine the British Horseracing Board’s (BHB) governance responsibilities and the regulatory functions of the Horseracing Regulatory Authority (HRA).
He said today: “The launch of BHA is a great opportunity for Racing and I am honoured and excited at being its first Chairman. My role is to help BHA to build on the strengths of BHB and HRA, which have contributed to the sport’s excellent reputation both at home and internationally, and to bring the two organisations together.
“Racing is a passion for millions of people, myself included. I want BHA to create an environment in which all sectors of the sport work together for the common good and for the organisation itself to make a mark by leading dynamically and effectively.”
Paul Roy factfile
Name: Paul David Roy
Date of birth: 8th May 1947
Married: 1985 to Susan; five sons, one daughter
Educated: Liverpool University (BA in Economics)
Best horses in training
The British Horseracing Authority
The BHA will come into being on or soon after 1st January 2007, combining the governance responsibilities of BHB with the regulatory functions of HRA. The BHA will have a board of eight directors, including the Chairman and the Chief Executive. The recruitment process for the latter role is underway but it was intended that the BHA Chairman would be appointed first so as to be able to play a part in selecting the Chief Executive.
The roles of BHA Chairman and Chief Executive were advertised publicly earlier in 2006 and a specialist executive search company, Nolan Partners, was also engaged. The Chairman’s role was specified as a two-day a week position with remuneration of c.£100,000 per annum.