Business

Fasig-Tipton makes changes at the top

Fasig-Tipton announced Monday that Darley USA chief operating officer Dan Pride will become Fasig-Tipton executive vice president and COO.

The move comes five months after Darley's owner, Sheikh Mohammed bin Rashid al-Maktoum, ruler of Dubai, purchased the Lexington-based auction house through Synergy Investments of Dubai.

D.G. Van Clief Jr. will become chairman emeritus; Walt Robertson assumes the title of chairman of the board.

Boyd Browning, who had been executive vice president and COO, will become president and CEO.

"These appointments are the culmination of a process which has been under way within the company for some time now and accurately reflect the jobs being accomplished by our key managers," Van Clief said in a news release. "The addition of Dan Pride adds strength to the lineup as Fasig-Tipton prepares to ramp up operations under its new ownership."

Also on Monday, Fasig-Tipton, Keeneland and two other Thoroughbred auctioneers, Barretts and Ocala Breeders' Sales, agreed to changes in workouts for 2-year-old in training sales. Beginning in 2009, whips will be regulated with penalties and suspensions for riders who do not follow company rules. The sales companies also will prohibit toe grabs on front horseshoes.

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