Belinda Stronach will take over as chair of The Stronach Group.
The Stronach Group has announced that Belinda Stronach will take over the leadership role from her father, Frank Stronach. As chair of the Stronach Group, she will be responsible for ushering horse racing into its next phase at Santa Anita Park, Gulfstream Park, Laurel Park and Pimlico Race Course, all owned by the company.
The announcement was made in an article called The Reins of Transition of the Breeder’s Dream, by Stronach Group executive Dennis Mills at RacingFuture.com, where he quoted Stronach as saying: “We view this company as an entertainment company first and foremost, with horse racing and wagering as our key assets. Our passion is to expand the sport of horse racing and to deliver amazing entertainment experiences, both on and off track. We think Pegasus World Cup Invitational is a game-changing catalyst in our efforts to modernize this sport and to engage a whole new generation of fans.”
The inaugural $12-million Pegasus World Cup Invitational will take place January 28th Gulfstream.
Stronach’s brother, Andy, is on board as well. The article noted that he will research new and unique gaming opportunities to bring young people into horse racing.
Stronach has worked alongside her father at his Magna International for many years, and has also held political office. The article noted that she served as a member of the board of directors of Magna from 1988 until 2004 and became executive vice-president of Magna in 1999. Following her appointment as president and chief executive officer in 2001, the company added some 3,000 jobs in Canada and enjoyed record sales and profits in subsequent years.
She was a Member of Parliament in the Canadian House of Commons from 2004 to 2008. From May 17, 2005 to February 6, 2006, she was the Minister of Human Resources and Skills Development and the Minister responsible for Democratic Renewal. After leaving politics, she served as the executive vice-chairman of Magna International until December 31, 2010.
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