The Breeders' Cup Board of Directors elected Tom Ludt as its new chairman during its meeting Thursday and moved toward the elimination of race-day medications in its World Championships.
Ludt, president of the Thoroughbred racing and breeding operation Vinery Ltd., succeeds Bill Farish, who stepped down at Thursday's meeting after serving a five-year term.
Ludt, who has been on the board of directors since 2009, will serve a two-year term. Farish will remain on the board.
"Being elected Chairman of the Breeders' Cup is both a great honor and significant responsibility," Ludt said. "I believe the innovations of the last few years, including our expansion to two days and 14 races and our continued focus on the international aspects of our competition, will serve the Breeders' Cup well as we strive to find new ways to strengthen the organization and our game as a whole."
The Breeders' Cup World Championships will return to Churchill Downs for the second year in a row on Nov. 4-5.
"I have enjoyed my five years as chairman overseeing a period of remarkable growth and expansion of the Breeders' Cup program on a global scale," Farish said.
The Breeders' Cup also endorsed in principle the recently announced recommendation of the Association of Racing Commissioners International (RCI) to eliminate the use of race-day medications in North American racing and decided to appoint a sub-committee with the objective of developing a plan and a timetable for the elimination of race-day medication in the Breeders' Cup World Championships.