Silk to Become Magic Millions' CEO

He will succeed David Chester at the Australian auction firm.

(Edited Magic Millions press release)

Dr. Stephen Silk will become the managing director of Magic Millions as of Oct. 4, the Australian sale company announced recently. A former veterinarian, he previously worked for the CSL Group, served as the general manager of strategic marketing for the Victoria Racing Club, and was the general manager of Flemington Racecourse. He also was a committee member of the Melbourne Racing Club.

David Chester, Magic Millions’ current CEO, was asked to step aside from his day-to-day duties and will work as a full-time roving ambassador for Magic Millions

"On behalf of the partners of Magic Millions, I want to thank David for his hard work and dedication as CEO and as an employee of Magic Millions since 1986," said Rob Ferguson, a Magic Millions director.