Inglis has announced its managing director Mark Webster has agreed to stay on in the role for at least the next two years after earlier indicating he would retire from executive duties with the thoroughbred auction house.
A suitable replacement for Webster has not been found, prompting the company to call on the incumbent to remain in the role.
“We engaged a leading recruitment company, searching both here and abroad, however after six months we were unable to identify anyone with the right balance of corporate, leadership and racing industry skills and experience required for this important role,” Inglis chairman John Coates said.
“Accordingly, we asked Mark to put on hold his personal plans and we are most grateful that he has committed for another two to three years.
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“Mark will continue to develop and mentor potential successors from within his senior management team, while we remain open to a suitable external candidate if one is identified.”
Having made the call to stay on as managing director, a rejuvenated Webster said there was much to look forward to.
“When I made my decision to stand down as an executive earlier this year it was after a challenging couple of years which were focused on relocating the Sydney business to Warwick Farm and getting the new facility and hotel off the ground,” he said.
“I felt I had made my contribution to the company and was ready for the next stage of my career.
“I am now feeling rejuvenated and ready to drive the business forward for the next few years and deliver for our customers.”