Reno Air Race Shakeup: Houghton Departs As President and CEO | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 05.18.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.24.17

Airborne
05.25.17

Airborne
05.19.17

Airborne-Unmanned 05.23.17

Airborne-YouTube

AMA 05.18.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.24.17

Airborne
05.25.17

Airborne
05.19.17

Airborne-Unmanned 05.23.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

Mon, Dec 30, 2013

Reno Air Race Shakeup: Houghton Departs As President and CEO

"...To Further Reduce Expenditures And Streamline Our Efforts..."

One of the toughest jobs in aviation, that of running the embattled and historic Reno Air Races, is now vacant.

 Few details are available right now, the announcement being just minutes old, but a statement from the Reno Air Racing Association states that, "In its ongoing effort to revise and evolve its organizational structure and business model to ensure long-term sustainability, the Reno Air Racing Association (RARA) announced today the departure of its president & CEO Mike Houghton. The recently restructured board of directors cited recent changes in the governance of the organization and input from key stakeholders that emphasized a need to restructure the day-to-day operations in light of the financial challenges facing RARA as reasons behind the departure."

"Collectively, we would like to express our gratitude to Mike for his leadership and professionalism over the last 15 years," said Mike Major, chairman of the RARA board of directors. "Mike has helped to guide this organization through some very significant challenges and some great successes. This is an extremely difficult decision but, in light of current circumstances and financial restraints, we felt that it was in the best interest of the Air Races to further reduce expenditures and streamline our efforts toward long-term viability."  

The statement goes on to explain that 'even as the National Championship Air Races, the only event of its kind in the world, prepares to celebrate 51 years in 2014, the event continues to grapple with the financial challenges left in the wake of the 2011 tragedy, with costs having since quadrupled. Recently, RARA announced that it had revised its organizational bylaws and had dramatically restructured its board of directors to allow for more efficient and effective decision-making and an even stronger emphasis on sponsorships, coalition building and fundraising. Going forward, RARA's board of directors will fulfill the CEO roles and responsibilities.'

"Operating costs alone have risen by nearly $3 million in the last two years, driven primarily by insurance, but this situation has forced us to really step back and take a look at how this event is run, redirecting and streamlining our efforts to increase sponsorships and create a more dynamic fan experience," added Major. "Our foremost priority as a board is to keep the Reno Air Races tradition alive for another 50 years. Mike has been a friend and mentor to those of us in the air race family for many years.  We appreciate the dedication Mike has given the organization and the community and wish him the very best of luck going forward."

ANN is reaching out to Mike Houghton, and those still associated with RARA, to get additional background.

FMI: www.AirRace.org

 


Advertisement

More News

AMA Drone Report 05.18.17: Drone-Jumping!, AMA Sightings Report, King Schools

Also: DJI Smart TV App, Huerta: Unmanned Aircraft 'Good News Story', XPONENTIAL Innovation Preview Ya had to see it to believe it... An ingenious Latvian UAS operation has pulled o>[...]

Airborne-Unmanned 05.23.17: Courts Nix Model Regs, Autonymous Flt, WATT 300

Also: King Schools Update, Kittyhawk APP, Robird And Integrated Drone Solutions, ICAO Drone Tracking The unmanned community got a bit of a jolt late last week when the US Court of >[...]

Airborne 05.23.17: Icon A5 NTSB Report, Product Certification, GE9X Testing

Also: UAL Cockpit Doors, NAHI 2017, Drone Database, Manual Flying Skills, Heli-Theft, Runway Extension, New SecAF The NTSB has released its preliminary report from an accident invo>[...]

Airborne-Unmanned 05.23.17: Courts Nix Model Regs, Autonymous Flt, WATT 300

Also: King Schools Update, Kittyhawk APP, Robird And Integrated Drone Solutions, ICAO Drone Tracking The unmanned community got a bit of a jolt late last week when the US Court of >[...]

Airborne-Unmanned 05.16.17: XPONENTIAL 2017, Airbus Aerial, Parrot Professional

Also: AUVSI BOD, PrecisionHawk's Free PrecisionMapper, Consortiq, XPONENTIAL 2017 Innovation Preview As opening sessions go, it was an eye-opener. Intel CEO Brian Krzanich took the>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC