August 4, 2016 – Egon Zehnder has been retained by Racing Victoria to lead its search for a chief executive officer. Current CEO Bernard Saundry will be stepping down this December. Mr. Saundry has agreed to stay onboard to help out during Racing Victoria’s search for his replacement.
“I have thoroughly enjoyed my time working within the Victorian thoroughbred racing industry and believe the time is now right for a new chief executive to lead the implementation of our next strategic plan with Victorian racing in a strong position for the future,” Mr. Saundry said.
The new CEO will continue to implement the board’s vision to “enhance the Victorian thoroughbred industry, delivering integrity, quality and entertainment.”
The chief executive job posting lists four key criteria that successful candidates are expected to possess:
- High level of commercial acumen with proven ability to deliver revenue and profit targets;
- Exceptional stakeholder engagement skills with a superior ability to negotiate, collaborate and consult in a complex environment;
- A strong understanding of the Victorian racing industry wagering landscape;
- The ability to drive the growth and engagement of new media and digital platforms.
Racing Victoria Limited, as the governing principal racing authority, has responsibilities to develop, encourage, promote and manage the conduct of Thoroughbred horseracing in the State of Victoria, Australia.
Egon Zehnder specializes in the recruitment and leadership solutions business and has more than 400 consultants operating from 41 countries. The firm’s CEO succession practice includes a team of consultants who bring a global best practices rigor to fulfilling top level chief executive assignments. Its chief global rivals are Heidrick & Struggles, Korn Ferry, DHR International, Russell Reynolds Associates and Spencer Stuart, with a host of specialist firms and international consortiums competing with it for C-level and board directorship positions.
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Egon Zehnder has recently made a handful of additions to its search staff. Just recently, it added Donald Chae to its Chicago office as an executive recruitment and board search consultant. Mr. Chae focuses primarily on financial services, where his experience spans wealth management, asset management, retail banking, risk management and financial technology.
The firm also named Justine Gordon as an executive recruitment consultant and talent strategy advisor in its New York office. She was most recently a managing director at AlpInvest, a Carlyle Group fund in New York, where she focused on secondary fund investments and direct co-investments in energy and infrastructure.
Egon Zehnder also added Lee Wrubel M.D. to its New York office as a member of the firm’s global health and private equity practices. Dr. Wrubel has been a venture capitalist for over 20 years, most recently as a general partner at Flare Capital (formerly known as Foundation Medical Partners), a healthcare technology venture capital firm he co-founded in 2001.
The firm also named private equity recruiter Arun Dhingra as head of the firm’s Dallas office. He assumed the role from Christopher Pfeiffer, who led the office over the past five years.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media