||Jockey's Guild Signs New Three-Year Contract
The Board of Directors of the Jockey’s Guild recently announced
the creation of a new three-year management and consulting contract with
Matrix Capital Associates, Inc. Located in Monrovia, California, Matrix
Capital Associates, Inc. is an international business and management consulting
firm with clients in Asia, Europe, and North America.
“As a demonstration of our confidence and as a show of appreciation
for the hard work Dr. Gertmenian and his staff have shown, the Board has
signed a new three year contract which extends through March 2006,”
said Tomey Jean Swan, Chairman of the Board for the Jockeys’ Guild.
“During past two years, Dr. Gertmenian and the Matrix staff have
set in-place a road map of the Guild’s future and its increasing
importance in the industry.”
Hired in June 2001, Matrix Capital Associates is credited with the financial
turnaround of the Guild, as well as, re-establishing its family group
health insurance plan, increasing active membership by over sixty-five
percent (65%), creating the Disabled Jockeys’ Endowment, and developing
an annual fundraising event in conjunction with Churchill Downs, Inc.
“We are delighted to be working for the Jockeys’ Guild. The
first two years of our relationship has presented many challenges and
successes. As we continue down the path of reorganization, I know we will
be able to achieve the goals set forth in December (at the Guild’s
Annual Assembly),” said Gertmenian.
Jockeys’ Guild, Inc. is a nonprofit national collective bargaining
organization for Thoroughbred and Quarter Horse professional jockeys.
Founded in 1940, the Guild promotes, protects, and serves the welfare
and prestige of the American professional jockey community with integrity,
equity, and justice.