Business

World Games CFO resigns

The Lexington group organizing the Alltech FEI World Equestrian Games has lost its second senior executive in about two weeks.

Marty Mathews has resigned as chief financial officer of the World Games 2010 Foundation, a position that he has held since December 2006.

On July 15, the foundation's chief executive officer, Jack Kelly, announced that he was stepping down for personal reasons related to his health.

Both men officially left the foundation on Thursday, although Kelly is continuing as an adviser.

Kelly declined to comment Friday on Mathews' departure, and Mathews could not be reached for comment.

John Long, chairman of the foundation and CEO of the U.S. Equestrian Federation, said the resignations were unrelated and do not indicate problems at the foundation.

“It shouldn't raise any eyebrows,” he said. “They are completely and totally disconnected.”

He declined to discuss the reasons for Mathews' resignation, saying that they are “personnel matters,” but he said the search for a replacement CFO will begin “in a week or so.”

In the meantime, the staff of the U.S. Equestrian Federation, based at the Kentucky Horse Park near the foundation's offices, can oversee financial matters for both groups.

Long said the departures “shouldn't raise any doubts at all” about the foundation's ability to organize the 2010 games, which are expected to attract at least 600,000 spectators from around the world.

The foundation has a “great management team and a host of expert consultants,” he said.

“I have absolutely no concerns whatsoever that these games are not going to be the best we can make them in the world,” he said.

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