Lane's End Farm owner Will Farish was confirmed as U.S. Ambassador to Great Britain by the Senate Wednesday. Given previous reports, Churchill Downs will have two to three weeks to replace him as chairman of the board.
Farish had his confirmation hearing before the Senate Foreign Relations Committee in June. Churchill officials said then that once Farish is confirmed as ambassador, he will be required to immediately resign as Churchill Downs' chairman and resign from the board of directors.
The Churchill Downs executive committee is expected to meet in the near future. The executive committee members are Charles W. (Stormy) Bidwill Jr., Richard Duchossois, J. David Grissom, and Carl Pollard. After a nominee is selected, the board of directors will meet in person or by teleconference to discuss the nominee and take a vote, according to Koenig.
A new chairman could be selected as soon as two weeks after Farish resigns.