Racing Expereince Necessary for Next ATC Chief Executive Officer
The Australian Turf Club is on solid financial ground, thanks to the efforts of Chief Executive Darren Pearce. The ATC will need to look to another to continue Pearce’s achievements, as he has announced his resignation effective at the end of the month.
Some might say that The Everest was his greatest achievement, as the pay to purchase a barrier format that includes the richest prize for a turf race anywhere in the world attracted worldwide attention.
Pearce expressed the feeling that it was simply time to move on to a new occupation, telling a News Corp Australia source, “You can have all the plans in the world but if you can’t fund them they are meaningless,’’ Pearce said. “But the ATC is in a very good financial position now, prizemoney is at record levels, The Championships and The Everest are here to stay — I just felt the time was right to explore other career opportunities.’’
Pearce caught some people in the racing industry unprepared, but the ATC acted quickly to replace Pearce on an interim basis with senior club officials Matt Galanos and James Heddo, beginning on December 1 and continuing until a permanent Pearce replacement is confirmed.
Twelve years is a long time, but Pearce is credited with restoring luster to Sydney racing during his tenure.
Pearce says he has no definitive plans at the moment, but is “Looking to explore corporate opportunities.
“I’ve spent 12 years at the ATC and although I have thoroughly enjoyed it, this has been a difficult period for the club and it has taken a lot of hard work. This takes a toll on family life.’’
Other members of the ATC hierarchy were quick to chime in with praise for Pearce and Pearce also acknowledged the help and support he received along the way from the ATC and board chairmen with whom he worked since he assumed the role in the early years of the 21st century.