Newbury Racecourse said that Julian Thick will step down as its CEO in the new year after a decade in the role.
He has agreed to remain in post until the end of March next year to assist in the search for a successor and hand over his responsibilities, the company said in a stock market statement.
"On behalf of the board, I would like thank Julian for his contribution to the company over the last 10 years," said Dominic Burke, the chairman of Newbury Racecourse.
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"Since joining as chief executive in 2013 Julian has led the company with real purpose and helped the Racecourse navigate the considerable challenges of the racecourse infrastructure redevelopment and Covid," he added.
"Under his direction we have built a world class racing facility and increased prize money available to owners. The Racecourse is in good financial health and we wish Julian well in the future."
Thick noted it had been a "privilege" to lead the excellent team at Newbury Racecourse.
"Together we have achieved a huge amount, the racecourse has been transformed and is now on a strong footing with a very positive future ahead of it. It is my intention to take some time out with my family next year before seeking a new challenge," he said.
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