|Arlington Park news release
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GOODRICH ASSUMES ARLINGTON PARK PRESIDENCY ON MARCH 11
Former President Sexton Takes Helm at Churchill Downs in Kentucky
ARLINGTON HEIGHTS, Ill. (March 10, 2003) -- Clifford C. Goodrich, who was named to the interim position of executive vice president of Arlington Park on December 10, 2002, will assume the duties of president of the Chicago-area racetrack and senior vice president of Churchill Downs Incorporated's ("CDI") (Nasdaq: CHDN) Illinois operations on Tuesday, March 11.
"Cliff Goodrich brings a wealth of industry experience and a 'hands-on' approach to management that is a perfect complement to our leadership style and operational philosophy at Arlington Park," said Richard L. Duchossois, chairman of the board of Arlington Park and CDI's largest shareholder. "We have every confidence in his ability to lead our team into the future."
"Arlington Park's reputation for quality is second to none, and in my short time here, it has become very apparent to me that I'm fortunate to lead a highly-motivated and talented team of employees at the most beautiful racing facility in America," said Goodrich. "I look forward to working with them and Dick Duchossois to build on Arlington's tradition of excellence."
Simultaneously, former Arlington President Steve Sexton will assume full-time duties as president of historic Churchill Downs in Louisville, Ky., and Ellis Park in Henderson, Ky. Since December, Sexton has remained at Arlington Park to assist in the smooth transition of leadership.
"Steve Sexton has played an integral role in assisting Cliff since his arrival." Duchossois added. "Arlington's management team and employees greatly appreciate Steve's dedication and hard work during his time with us, and we look forward to continuing our relationship with him in his new position at Churchill Downs. Steve has done a wonderful job here at Arlington, and we know that his great efforts will be duplicated at Churchill Downs."
In addition to their responsibilities as racetrack presidents, both Goodrich and Sexton will oversee CDI's Trackside Off-track Betting ("OTB") operations in their respective states. Sexton will also manage the Company's interest in Kentucky Off-Track Betting Inc., a collection of OTB facilities owned in partnership by Kentucky's Thoroughbred racetracks, and Kentucky Downs, a Thoroughbred racing and simulcast facility located in Franklin, Ky.
Clifford C. Goodrich has a background rich in racetrack management and operations. He takes the reins at the home of the America's first million-dollar race, the Arlington Million, after serving for two years as chief executive officer of the California Thoroughbred Horsemen's Foundation Inc., a $2 million non-profit organization primarily responsible for the operation of in-house medical and dental clinics for stable-area workers. Previously, Goodrich served as president, chief operating officer and a board member of Santa Anita Park in Arcadia, Calif., where he was promoted through the management ranks after first joining the racetrack as assistant general manager in 1980. Goodrich first worked with Sexton when they both served on the Santa Anita Park management team in the mid-1980s.
As president and chief operating officer of the famed Southern California racing facility, Goodrich was responsible for all facets of the track's daily operations, assisted with business and strategic planning and supervised a staff of more than 3,000 full- and part-time employees. Goodrich also distinguished himself as the primary spokesman for Santa Anita Park and served as the track's community, governmental and legislative liaison. Key accomplishments during his 19-year tenure with the track included coordinating a legislative lobbying effort that resulted in $40 million in annual saving for the horseracing industry, and the investment of significant capital dollars in the track's television broadcast facilities in order to improve its simulcast signal and increase sales.
Prior to joining Santa Anita Park, Goodrich served as the vice president and general manager of Golden Gate Fields in Albany, Calif.
Arlington Park, Chicago area's premier Thoroughbred racetrack located in Arlington Heights, Ill., will run a 104-day meet in 2003 from Friday, May 5 to Saturday, Sept. 27. Arlington Park, which merged with Churchill Downs Incorporated (Nasdaq: CHDN) in September 2000, also operates six off-track, simulcast-wagering facilities -- "Trackside" Arlington Park (Arlington Heights), Quad City Downs (East Moline), Chicago, Rockford and Waukegan, and Longshots Bar & Grill featuring Trackside OTB in S. Elgin, Ill. For further information on Arlington Park and Trackside OTBs, visit www.arlingtonpark.com.
Clifford C. Goodrich