Fair Board names Las Vegas businessman to replace Workman
Posted on October 5, 2012 at 2:10 PM
Sunday, Nov 24 at 12:36 AM
LOUISVILLE, Ky. (WHAS11) -- The Fair Board has named a replacement for Harold Workman, the board president who is vacating the position Dec. 31. The board made the announcement during a meeting Friday afternoon.
Clifford "Rip" Rippetoe, president of Rippetoe Solutions Group out of Las Vegas, is set to take the spot vacated by Workman.
WHAS11 spoke with both the chair of the board and the selection committee about why Rippetoe stood out.
They felt the Las Vegas business owner has a history of sound financial decisions and problem solving.
One example they pointed to was the Salt Lake City Olympics. Rippetoe was on the committee alongside Mitt Romney that has been credited with saving the games.
They also said they believe Rippetoe can bring innovative ideas for dealing with the Board’s problems including financial trouble and what to do about the former Kentucky Kingdom.
However they said he did not give any specific examples.
And while Rip Rippetoe is coming from the glitz and glam of Las Vegas the businessman actually grew up on a farm and raised pigs. This is another reason he appealed to the search committee.
“I think we needed to find a talented business person that could keep the organization moving in the right direction, deal with the financial issues that we are challenged with, but having that background of agriculture is very important”, said Tom Schifano, chair of search firm.
Rippetoe's contract is not yet signed but the board says they do not expect a problem there, the terms have already been laid out and there's really no room for negotiation.
The new CEO will earn approximately $250,000 a year, about the same as current fair board president Harold Workman who resigns as of December 31.