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New Directors Appointed By Brisbane Racing Club

Thursday, 14th May 2015

The Brisbane Racing Club has named three leading business figures as Directors ahead of one of the most important periods in the Club's history. Chairman Neville Bell said the BRC had undertaken a comprehensive recruitment process to fill three vacancies on the Club's board. The new directors are: senior lawyer Curt Schatz, property specialist John Shepherd, and senior executive Terry Svenson. Mr Bell said the BRC had received intense interest in the positions as the Club prepares to embark on the $1.2 billion Master Plan that will transform Brisbane's racing precinct. "From the start, we were excited by the quality of the candidates and the level of interest in these positions," Mr Bell said. "I welcome the new Directors and very much look forward to their contributions. Each person brings an enthusiasm and a range of skills that position the BRC for continued success." Mr Bell said the appointments came after the BRC had completed a Board evaluation process as part of the Club's Strategic Plan. This five-year plan, called The Track Ahead, focuses on a restructure of the BRC's business, the Master Plan development and a business diversification process. The BRC is close to selecting a preferred joint venture partner for the first stage of the Master Plan – a $900 million residential development at Eagle Farm. The Master Plan also includes state-of-the-art stabling and training facilities inside a redeveloped Eagle Farm racetrack. The BRC hopes construction will soon begin on two tunnels beneath the racing surface, making possible the stabling and training project. "Racing has been held here for almost 150 years and the decisions we make in the coming years will ensure the Brisbane racing precinct thrives for at least another 150 years," Mr Bell said.

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