New leadership named at Churchill Downs Inc.

08/28/2014 10:21 AM

08/28/2014 10:30 AM

Louisville, KY (SportsNetwork.com) - William C. Carstanjen has been promoted to Chief Executive Officer (CEO) and William E. Mudd assumes the position of President at Churchill Downs Inc.

The corporation (CDI) announced Thursday that Carstanjen is replacing Robert L. Evans as CEO as Mudd fills Carstanjen's position of President and will also continue serving as Chief Financial Officer (CFO). Evans will retain his role as Chairman of the Board of Directors.

"I am deeply honored to have the opportunity to lead Churchill Downs," said Carstanjen. "Over the last several years we have transformed Churchill Downs into a diversified growth company while continuing to strengthen and invest in our traditional horse racing business. Today, CDI is better positioned strategically and operationally, and is stronger financially and organizationally, than perhaps at any time in its 140-year history. I'm excited about our terrific team and the future of our racing, gaming and online businesses and new businesses we may yet enter."

Carstanjen had been CDI's President and Chief Operating Officer since 2011 after holding various other positions within the organization. The 46-year-old previously served as CDI's general counsel and chief development officer (2005-2008) and Chief Operating Officer (2008-2011).

The 43-year-old Mudd served as CDI's Executive Vice President and CFO since in Oct. 2007.

"In Bill Carstanjen and Bill Mudd we have two proven senior executives who are well known by our major shareholders and who can continue to profitably grow the Company and deliver exceptional returns to our shareholders," Evans said.

All three gentlemen begin their new positions immediately.

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