French horseracing operator PMU has confirmed Philippe Augier’s election as the new Chairman in charge of its corporate governance initiatives.
After the annual general meeting of PMU, Augier’s chairmanship was ratified and was approved by key racing stakeholders France Galop as the governing body of French horseracing and Le Trot – the operating company of French racing venues.
The position sees PMU act swiftly to replace outgoing chairman Bertrand Méheut whose two-year term ended last May whilst declaring that he had chosen to pursue personal projects.
A recognised figurehead in French racing and politics, Augier served as chairman of the Cote Fleurie Commune of Normandy, leading a number of the cultural and heritage directives of the province.
From 1989 to 2006, Augier was also Chief Executive Officer of French acing stud rights auctioneer l’Agence.
Speaking to the newspaper Le Parisien, Augier commented on his appointment: “Horseracing has been part of my daily life for 50-years so I am happy and very proud to become PMU chairman.
“I am also honoured to participate in the sport’s recovery, necessary after what our country has experienced and to see it further improve. We must already think about the development of this great company.”
Augier will supervise Cyril Linette, CEO of PMU Group, who unveiled PMU ‘s latest executive plan in 2019, revitalising French horseracing commitments by updating France Quinté + pool betting systems and introducing new marketing strategies targeting the broader public.