Resolute Racing Announces Major Leadership Changes with New CEO

A New Era at Resolute Racing

In a significant shift for the horse racing industry, Resolute Racing has officially announced a leadership change, with Chelsey Stone Stewart stepping into the role of CEO effective immediately. Chelsey, who has served as the Chief Operating Officer, is recognized for her instrumental contributions that have propelled the company’s success since her inception in the early stages of its operations.

John Stewart, the founder and outgoing CEO, expressed his pride in this transition. He stated, "I am honored to share that Chelsey will be taking over the role of CEO of Resolute Racing. From the outset, she has been deeply involved and instrumental in the success of our operations, originally as Director of Breeding and Bloodstock and more recently as COO. Chelsey is one of the rising stars in the horse racing industry. Chelsey has proven to be both an exceptional horsewoman and a strong organizational leader."

John, who also manages MiddleGround Capital, a private equity firm he founded in 2018 with over $4 billion in assets under management, will continue to focus on those responsibilities while providing strategic support for Chelsey at Resolute Racing. He emphasized, "My role is limited to supporting and advising her and the team on strategic direction and decisions."

This transition marks a vigilant approach to succession planning within the Stewart family. Alongside Chelsey, John's children, Andrew and Sarah, are joining in leadership roles, ensuring that the family's vision for Resolute Racing remains intact and progressive.

Commitment to the Industry and Expansion Plans

Resolute Racing operates as a family-owned business, and it possesses a dedicated and skilled team of over 50 employees. These veterans oversee the breeding operation at Resolute Farm, ensuring that the production of racehorses meets the exceptional standards the Stewarts have established. Earlier this year, Chelsey initiated collaborations with industry experts such as Bradley Weisbord and Liz Crow to streamline racing operations, affirming the strategic advancements under her leadership.

The Stewart family's commitment to the thoroughbred industry goes beyond just operations; it also encompasses investment in growth. Recently, they announced the acquisition of over 450 acres to expand their farm in Midway, Kentucky. The plans include developing a state-of-the-art training facility modeled in the French style, along with dedicated spaces for retired and rescue horses, which showcases their dedication to all aspects of equestrian life.

As part of the expansion strategy, the farm will begin recruiting a professional team to oversee operations and facilitate the construction of new facilities aimed at enhancing their services and agricultural practices.

Economic Implications and Industry Significance

The thoroughbred racing industry is pivotal to the economic vitality of Kentucky, where Resolute Racing is situated. John Stewart and his family take immense pride in their substantial investment within this sector. Their engagement not only supports the operational framework of their business but also stimulates local economies and promotes cultural heritage surrounding horse racing.

In conclusion, the leadership transition at Resolute Racing signifies more than just a change in titles; it represents a renewed commitment to excellence, innovation, and legacy within the horse racing landscape. Under Chelsey’s stewardship, the future appears bright for Resolute Racing as it continues to honor its roots while daring to reach for new horizons in the industry. As the new CEO, Chelsey Stone Stewart is positioned to lead the charge into a dynamic and promising future.

For inquiries and more information, please contact Sarah Stewart, Director of Marketing, at [email protected]
Resolute Racing: A Legacy in Progress.