RQL Executives Resign / Queensland / 27 Mar, 2012

The following senior Executives of Racing Queensland Limited (RQL) - Mr Malcolm Tuttle (CEO), Mr Jamie Orchard (Director of Integrity Operations), Mr Paul Brennan (Director of Product Development) and Ms Shara Reid (Senior Corporate Counsel/Company Secretary) - tendered their resignations to the Board of RQL.

RQL chairman Mr Bob Bentley said that it is with regret that the board accepts the resignations and the loss of these hardworking executives to the industry. “The executives have managed the industry through extremely difficult times with dedication and integrity and the loss of their corporate knowledge will be evident and sorely missed in the near future,” said Mr Bentley.

“The uncertainty and speculation caused both directly and indirectly over the preceding 12 months has made a difficult and demanding job untenable. The fact that the RQL executives did not waiver in their loyalty and dedication to the industry is testament to their character as individuals.”

RQL has implemented a succession plan as an interim measure to ensure continuity of business pending proposed changes in legislation.