NEW BOSS APPOINTED AT MAGIC MILLIONS

THE Magic Millions has turned to a proven bloodstock executive to herald in its new era, announcing Vin Cox (pictured) as its new managing director.

Cox has spent 23 years in the country’s premier thoroughbred racing and sales organisations, including 14 years at William Inglis & Son and nine years in charge of his own company, Vin Cox Bloodstock.

As the Australasian representative for Kentucky-based auction house Keeneland, Cox is credited with bridging the gap between the Australian and American breeding industries.

His appointment follows the controversial resignation of former Victoria Racing Club executive Stephen Silk, who walked away from the organisation after being in the top job for only five months.

The Magic Millions ownership reshuffle was the catalyst for Silk’s decision, after retail kingpin Gerry Harvey bought full share of the company from John Singleton and Rob Ferguson in February.

In announcing his replacement today, a confident Harvey says Cox is the right man for the job.

“Katie (Page-Harvey, wife) and I are delighted that Vin has accepted the position of managing director of Magic Millions,” he says.

“We look forward to growing the business together and raising the profile of the Australian bloodstock industry locally and internationally.”

Cox will relocate to the Gold Coast with his wife and three children to take the reins in time for the 2011 Magic Millions National Sales from May 25 – June 8.

“I am most excited and honoured to have been selected for this role with Magic Millions, which has become one of the leading thoroughbred sales organisations in the world, renowned for innovation and growth,” says Cox.

“It is tremendous to have the opportunity to work with Gerry Harvey, Katie Page-Harvey and the Magic Millions team.”

Cox's salary package has not been disclosed.