Six months after revealing he would step down at the end of 2018, Inglis Managing Director Mark Webster has agreed to remain in the role for at least another two years.
Webster announced in May that he would retire from executive duties, prompting Inglis to engage a leading recruitment company to undertake an international search process for his replacement.
But the search failed to identify a suitable individual with the right balance of corporate, leadership and racing industry skills and experience required for the important role.
Webster said the decision to remain on made sense and was something he was enthusiastic about.
“When I made my decision to stand down as an executive earlier this year it was after a challenging couple of years which were focused on relocating the Sydney business to Warwick Farm and getting the new facility and hotel off the ground,” Webster said.
“I felt I had made my contribution to the company and was ready for the next stage of my career.
“I am now feeling rejuvenated and ready to drive the business forward for the next few years and deliver for our customers.
“There is so much to look forward to, the re-opening of a fantastic renovated sales facility in Melbourne, the launch of the new Inglis Millennium Race Day and largest Classic Sale ever to be conducted.
“Inglis was the only auction house to sell a Group 1-winning two-year-old in 2018 and offered 67 per cent of Australian Group 1 winners that were offered at public auction, this success for our customers is keeping me motivated.”