Marzelli retiring from The Jockey Club

Alan Marzelli, the president and chief operating officer of The Jockey Club,

will retire from that position at the end of the year, it was announced Friday

by Ogden Mills Phipps, chairman of The Jockey Club.

Marzelli will be succeeded by James L. Gagliano, who has served as executive

vice president and chief administrative officer of The Jockey Club for the past

four years.

"In various capacities and over many years, Alan has done a first-rate job

for The Jockey Club with a wide range of initiatives, all of which have

benefited this industry, and we're immensely grateful for his many

contributions," Phipps said. "We also feel extremely fortunate to have, in Jim

Gagliano, an experienced and talented individual to lead our management team and

staff in the years ahead."

Marzelli joined The Jockey Club in November 1983 as controller and assistant

treasurer after spending eight years with the international accounting firm of

Deloitte & Touche. He served as chief financial officer of The Jockey Club from

1986 until January 1, 2003, when he was appointed president and chief operating

officer.

Throughout his tenure, Marzelli helped guide The Jockey Club through a period

of unparalleled growth that included the creation of several startup companies

and a number of key strategic acquisitions. Each was designed to serve the needs

of specific segments within the industry while generating profits that could be

used to help fund important industry initiatives.

In addition to his duties at The Jockey Club, Marzelli was a driving force

behind the formation of Equibase Company and served the partnership in several

key capacities through the years. He was the treasurer when Equibase was formed

in 1990 and was appointed president of Equibase in April 1996. He was named

chairman approximately 18 months later. In that role, he negotiated the

perpetual license agreement between Equibase and Daily Racing Form.

"Jim was hired in 2005 with the understanding that he would one day succeed

me and he is ready to step into that role," Marzelli said. "While I look forward

to having more time to devote to my family and personal interests, in the short

term and in order to ensure a seamless transition, I will continue to serve as

chairman of Equibase and represent The Jockey Club on the executive council of

the International Federation of Horseracing Authorities."

Gagliano was named executive vice president and chief administrative officer

of The Jockey Club in June 2005. In this role, he has overseen all

administrative activities for The Jockey Club and its subsidiary companies and

worked directly with each business unit to develop and implement

company-specific business plans. He has also represented The Jockey Club in

numerous industry initiatives.

Prior to joining The Jockey Club, Gagliano served as executive vice president

of Magna Entertainment Corp.'s (MEC) Maryland racing operations, where he was

responsible for the day-to-day operations of the Maryland Jockey Club. He also

served as president for the MEC OTB and group vice president for the MEC

Northern Group.

Gagliano, a Providence College graduate, also served as executive vice

president and general manager of Greenwood Racing Inc. and in various roles over

10 years with the New Jersey Sports and Exposition Authority.