“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. 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.”
Ludt will serve the remainder of his term as a Breeders’ Cup Director but will not be standing for re-election as Chairman. 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.