Racing chief resigns in New Zealand

The Racing Industry Transition Agency (RITA) in New Zealand will need a new CEO as John Allen resigned.

New Zealand.- The Chief Executive Officer for the Racing Industry Transition Agency (RITA) in New Zealand has resigned.  John Allen announced he will step down by the end of this year after five years in charge.

“The major programmes of investment are largely completed, creating a strong foundation to grow products for Kiwi punters and profit for the racing industry,” Allen said.

“After five years as chief executive it is time to begin the search for a new leader to oversee the transition to TAB NZ.

“This was a difficult decision, but with the racing reforms underway. It’s timely for someone else to lead the TAB and deliver the revenue growth to support a sustainable racing industry.”

“The innovations overseen by Mr Allen have provided the TAB with a solid foundation for growth to support racing and sport in New Zealand,” RITA chair Dean McKenzie said. The board is optimistic the investments will deliver the returns the industry needs in the coming years.”

“We now need to focus on lifting profits, increasing distributions to racing and improving the betting experience for Kiwi punters. Achieving the outcomes set out in the current reform of racing will play an important part in securing a positive future.”