The Stronach Group announced Thursday that Tom Ludt, president of Vinery’s U.S. operations, has agreed to join the company as a Senior Vice President of the Racing and Gaming Group..
Ludt has been the president of Vinery since 2004, overseeing the breeding operations Vinery owned in Kentucky, Florida and New York. During his tenure, he recruited numerous stallion prospects to stand at all three locations and also led the Racing Division, which produced numerous Grade I winners including a Breeders’ Cup Champion and an Eclipse Award winner.
Ludt has also served as Chairman of the Board of the Breeders’ Cup since 2011. As a condition of his employment with the Stronach Group, he has agreed he will not stand for re-election as Chairman of the Breeders Cup and will recuse himself from any vote of the Breeders Cup Board, which involves future host sites for the event.
Ludt will continue to serve as a director for the Breeders’ Cup as he sits on numerous other Breeders’ Cup sub-committees; Governance, Compensation, Finance & Audit, Racing and Nominations, Marketing, and Race Day Medication Committee. The Breeders’ Cup members will elect new Directors to the Board in July. When the new Board is seated, the Directors will elect the new Chairman.
“On behalf of the Breeders’ Cup Members and our Board of Directors, we congratulate Tom on his new position with The Stronach Group and thank him for his outstanding work as Breeders’ Cup Chairman,” Breeders’ Cup president and CEO Craig Fravel said in a statement. “Tom’s remarkable leadership, accomplishments and his desire to make the Breeders’ Cup World Championships the best event in sports will be difficult to replace. We wish him well in his new endeavor and look forward to his continued service to the Breeders’ Cup.”
Alon Ossip, CEO of the Stronach Group added , “We are extremely pleased to have a person of Tom’s knowledge and stature as a key part of our team. He will be a great asset to us as our Group continues to expand within the industry”.
Ludt is a former member of the Kentucky Horse Racing Commission, served as chairman of the International Wagering Hub for KHRA and a board member of the Thoroughbred Owners and Breeders Association.
“I am really excited about this new position and honored that The Stronach Group has the confidence in my knowledge and ability to assist them in advancing the sport of thoroughbred racing and gaming,” Ludt said. “My passion for the thoroughbred industry has led me through many doorsand this great opportunity is too good to pass up. I can’t wait to get started.”