This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Churchill Downs Incorporated Chairman Carl F. Pollard Retires From Company's Board Of Directors

Stocks in this article: CHDN

LOUISVILLE, Ky., March 21, 2011 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated ("CDI" or "the Company") (Nasdaq:CHDN) today announced that Carl F. Pollard, chairman of CDI's board of directors, will not stand for reelection and will retire from his position and from CDI's board directors on June 16, 2011.

Pollard joined CDI's board of directors in 1985 and has served as the Company's chairman since 2001 when he replaced William S. Farish who resigned to become U.S. Ambassador to England and Northern Ireland under President George W. Bush. During Pollard's tenure, CDI completed the successful $121 million renovation of Churchill Downs Racetrack; entered the account-wagering business with the launch of TwinSpires.com and the acquisition additional advance-deposit wagering platforms; and introduced casino gaming to the Company's portfolio of businesses, with the construction of slot-machine gaming facilities in Louisiana and Florida and the purchase of Harlow's Casino Resort & Hotel in Greenville, Miss.

A long-time horse racing enthusiast, Pollard runs Hermitage Farm, a Thoroughbred breeding operation in Goshen, Ky., which he purchased following the death of the farm's original owner, Warner L. Jones Jr., the famed horsemen who also served as chairman of CDI's board of directors from 1984 to 1992. Under Pollard's direction, Hermitage Farm has gone on to produce numerous stakes winners, including a member of Pollard's personal stable, Caressing, who won the 2000 Eclipse Award for 2-year-old fillies after claiming the Breeders' Cup Juvenile Fillies at Churchill Downs that year. Pollard sold Hermitage Farm in 2010 but continues to manage the Thoroughbred breeding operation there.

"It has been both an honor and a pleasure to serve as chairman of Churchill Downs Incorporated and as a member of its board of directors during a period of significant change and expansion for the Company," Pollard said. "CDI has evolved from a racetrack in Louisville, Ky., into the premier racing, gaming and entertainment company in the United States. We have diversified our holdings to help the Company better address competitive challenges and thrive in an ever-changing marketplace, while still growing the reach and relevance of our iconic racing events, the Kentucky Derby and Oaks, which continue to set records for attendance and wagering. The horse racing industry has long been my professional pursuit and personal passion. I am very proud of what we have accomplished during my time as chairman, and look forward to what the future holds for Churchill Downs Incorporated."

"Carl Pollard has devoted much of his life to the improvement of Churchill Downs Incorporated and the Thoroughbred industry," said Robert L. Evans, CDI's president and chief executive officer. "His vision, drive and commitment to our Company and his deep love of the sport of horse racing – particularly the Kentucky Derby and Kentucky Oaks – are things I personally admire and hope to emulate as I continue my career with the Company. CDI's board of directors, senior management team, employees and shareholders everywhere owe a debt of gratitude to Mr. Pollard for his clear direction, wise counsel and many years of service to our collective cause. We will truly miss having him at CDI's helm."

A Kentucky native, Pollard began his career as a partner for the accounting firm of Yeager, Ford & Warren in Louisville, which is now owned by Pricewaterhouse Coopers. In 1968, he joined a small, but growing nursing home business and was instrumental in its development into Humana Inc., now a Louisville-based Fortune 500 healthcare company. He held various senior positions within Humana, including president and chief operating officer from 1991 to 1993. Pollard was chairman and chief executive officer of Humana's hospital division, which was spun off into a new company called Galen Health Care Inc. in 1993 and merged later that year with Columbia Healthcare Corporation. Pollard served as chairman of Columbia until 1994.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs