Mike Miller has resigned his executive posts at Churchill Downs Inc. to accept the position of chief financial officer of Poe Companies, a commercial real estate development company located in Louisville, Ky. His final day with Churchill Downs will be Jan. 26.
Miller joined CDI in January 2000 as senior vice president of finance, and was promoted to chief financial officer two years later. He was also an executive vice president with the company at the time of his announced resignation.
“Leaving Churchill Downs Incorporated was not an easy decision for me because I’ve truly enjoyed my time with the Company and am very proud of what we’ve accomplished over the last seven years,” said Miller. “Being part of CDI’s management team has been a tremendous experience, and I appreciate the opportunity I’ve had to serve the Company and its shareholders. I now have another opportunity to work with a growing company that will provide new challenges for me.”
CDI’s President and Chief Executive Officer Bob Evans said, “We are disappointed to see Mike go, even though the board of directors, management team and Mike’s coworkers certainly understand his desire to take his career in a new direction. Mike has been a great asset for us, having taken the lead on several strategic projects -- including key acquisitions and divestitures -- that put CDI on solid financial footing.”
During his tenure, Miller spearheaded the Company’s acquisition of Fair Grounds Race Course in New Orleans as well as its sale of Hollywood Park, Ellis Park and the pending sale of Hoosier Park at Anderson. He also led efforts to secure public financial support for the $121 million “Master Plan” renovation project to modernize Churchill Downs racetrack.
Over a seven-year period, Miller had oversight of a variety of internal departments, including CDI’s accounting and finance functions, corporate development, human resources and information technology.
CDI has begun the process to identify Miller’s replacement.
The company recently announced that Churchill Downs Racetrack president Steven P. Sexton would also serve as executive vice president for Churchill Downs Inc.