Dr. Edward C. Allred, owner of Los Alamitos Race Course in Southern California, resigned as president and chairman of the board of the Quarter Horse and Thoroughbred track effective May 15.
"Doc" Allred, 73, who took full ownership of Los Alamitos in 1998, also announced that he will be moving out of California but will remain on the track's board of directors.
In a statement released by the track, Allred said he has appointed Cathy Monji as the track's new president and to the board of directors. She was previously the vice president and special assistant to the chairman at Los Alamitos. Rick English, formerly the track's controller and currently a consultant, will assume the role of chairman of the board.
Both appointments are subject to board approval, according to the release. No changes to the company's present policies are anticipated in the near future.
Allred is the leading North American breeder of Quarter Horses and at one time owned 400 to 500 head. He is a 10-time American Quarter Horse Association Champion breeder and a six-time champion owner. He was named AQHA champion breeder in 2009.
Monji is also a longtime owner and breeder of Quarter Horses at Los Alamitos.
Los Alamitos is currently hosting year-round horse racing on a Friday through Sunday night basis. Since 1951, the Orange County track has been recognized as the premier Quarter Horse racetrack in the nation. It has hosted Thoroughbred racing since 1993.
In 1990 Allred, with help from R.D. Hubbard, purchased a 50% share of Los Alamitos. He negotiated a deal to take full ownership of the track in 1998. He suffered a stroke in 2007.
“This decision is not based on health considerations, as I am doing well,” Allred said. “I will continue to have a very active role on the board of directors. It is on the execution of the day-to-day details and matters that I will not be involved.”