- Robert L. Evans Appointed Chairman of Company's Board of Directors
- G. Watts Humphrey Jr. Appointed Lead Independent Director of the Board
- William C. Carstanjen Promoted to President of CDI
"It is an honor for me to have the opportunity to follow in the footsteps of prior chairmen such as Warner L. Jones Jr., Will Farish and Carl Pollard who have so ably led Churchill Downs Incorporated through the defining moments that shaped our Company and the Thoroughbred industry over the last few decades," Evans said. "They've set the standard for leadership I hope our entire management team will emulate."G. Watts Humphrey Jr. Background G. Watts Humphrey Jr. has served on CDI's board of directors since 1995. Humphrey serves as president of GWH Holdings Inc., based in Pittsburgh, Penn., and is also involved in the horse racing industry as the owner of Shawnee Farm, a Thoroughbred breeding operation in Harrodsburg, Ky. As lead independent director, Humphrey will be responsible for board governance matters; board membership, recruiting and succession planning; committee assignments; serving as the point person for the independent directors; establishing agendas for board meetings; and serving as the main liaison between the board and chairman and chief executive Robert L. Evans. "I look forward to assuming this new leadership role on the board of directors and serving my fellow directors and our Company's shareholders in this capacity," Humphrey said. "Thanks to the vision, commitment and sound choices of retiring Chairman Carl Pollard, CDI is well positioned for continued growth under our new chairman-elect and his talented management team." William C. Carstanjen Background William C. Carstanjen joined CDI in July 2005 as general counsel and chief development officer for the Company before being promoted into the role of chief operating officer. During his tenure, Carstanjen has led the Company's business development efforts, including the acquisitions of the AmericaTAB companies and Bloodstock Research and Information Services, Youbet.com and Harlow's Casino Resort & Hotel. As chief operating officer, Carstanjen directed the construction of the Company's slot-machine gaming facilities at Fair Grounds Race Course & Slots (opened in November 2008) and Calder Casino & Race Course (opened in January 2010). Before joining CDI, Carstanjen spent five years at General Electric and GE Capital.
"It has been a privilege to be part of the leadership team that charted CDI's continued expansion and profitability in recent years, and I am proud of the team's accomplishments," Carstanjen said.Churchill Downs Incorporated ("CDI"), headquartered in Louisville, Ky., owns and operates four world renowned Thoroughbred racing facilities: Arlington Park in Illinois, Calder Casino and Race Course in Florida, Churchill Downs Racetrack in Kentucky and Fair Grounds Race Course & Slots in Louisiana. CDI operates slot and gaming operations in Louisiana, Florida and Mississippi. CDI tracks are host to North America's most prestigious races, including the Arlington Million, the Kentucky Derby and the Kentucky Oaks, the Louisiana Derby and the Princess Rooney, along with hosting the Breeders' Cup World Championships for a record eighth time on Nov. 4-5, 2011. CDI also owns off-track betting facilities, TwinSpires.com, United Tote, television production, telecommunications and racing service companies such as BRIS and a 50-percent interest in the national cable and satellite network, HorseRacing TV, which supports CDI's network of simulcasting and racing operations. CDI trades on the NASDAQ Global Select Market under the symbol CHDN and can be found at www.ChurchillDownsIncorporated.com .
CONTACT: Julie Koenig-Loignon (502) 636-4502 (office) (502) 262-5461 (mobile) Julie.Koenig@kyderby.com