JOHN Gibbons has been announced as the Administrator of Greyhound Racing NSW (GRNSW) and will manage the transition towards closure for both the governing body and the affected clubs.
Gibbons brings more than four decades of experience in corporate recovery and restructuring to the role, with the NSW government confident he has the necessary skills to undertake the complex task of shutting down greyhound racing within the state.
A Director of Corporate Recovery at Bentleys with extensive experience in receivership and administration, Deputy Premier and Minister for Racing Troy Grant said Gibbons’ skills will be valuable for his upcoming role.
“As Administrator of GRNSW, he will oversee the continuing operation of the industry until 1 July 2017 including scheduling race meetings, stewarding and compliance,” he said.
Among Gibbons’ past roles, he conducted the complex scheme administration of New Cap Reinsurance Corporation and an investigation into former insurance giant HIH.
Gibbons will now work towards developing and implementing a business plan for the winding up of the greyhound industry and GRNSW. The business plan will be flagged to be released publicly and provide detailed guidance on measures to manage the industry’s business and regulatory functions throughout the closure.
Greyhounds Transition Taskforce Co-ordinator General Dr John Keniry will continue to develop a transition package to assist industry participants throughout and after the shutdown.
Troy Grant also thanked outgoing Interim CEO of GRNSW, Paul Newson, for his management of the industry over the past 18 months.