Christopher Kay was named president and CEO of troubled New York Racing Association, Inc. today after a unanimous vote by its board of directors.
Kay, 60, had been the chief operating officer for The Trust for Public Land. He has previously been a consultant to Universal Parks & Resorts and the former COO for Toys ‘R’ Us. He is a graduate of the University of Missouri and of the Duke University School of Law.
“After a careful search involving many highly qualified candidates, we are delighted to select Chris as our new President and CEO,” said NYRA Chair David J. Skorton, the president of Cornell, in a statement. “His wide range of expertise and skills — including experience in the legal, regulatory and corporate governance environments — will serve him extremely well in his new position at NYRA.”
Kay takes over the troubled agency that runs three racetracks — Aqueduct, Belmont and Saratoga — as it tries to dig its way out of near bankruptcy.
The appointment is effective as of July 1. His salary was not disclosed, but it is expected to be big bucks.
Kay succeeds Charles Hayward who was fired last year amid a betting scandal.