David Moodie has assumed the role of Racing Victoria Chairman following the resignation of previous Chairman, Rob Roulston, over an irregularity involving a nomination fee for one of his horses.
Roulston, who joined the RV Board in 2008, resigned his chairmanship at a RV board meeting on Friday having served in the position since March 2013.
Roulston, a bloodstock agent, nominated an overseas-based horse for last year’s Melbourne Cup but the sale of the horse fell through and he advised RV that he wouldn’t be paying the nomination fee.
While he subsequently paid the fee, an internal audit process confirmed that Roulston had initially requested a non-payment.
In a statement, Roulston took full accountability for his error at that time and will now depart the board.
”As Chairman I understand the need to set the highest standards of governance and probity and as a result, I believe my action is right and proper,” he said.
“It has been a great privilege to serve on the board of racing Victoria, the past two years as Chairman.”
Moodie is one of Victoria’s biggest racehorse owners and breeders and along with his wife Jenny was last year named the Victorian Breeders of The Year.
He is the founder and director of Contract Racing who have raced the likes of Golden Slipper winner Crystal Lily, Caulfield Cup winner Arctic Scent and Blue Diamond winners Paint and Hurricane Sky.