Long-Time VTA Board Member Jim Peterson Resigns

O. J. “Jim” Peterson, III has resigned as Director and Treasurer of the Virginia Thoroughbred Association Board of Directors, effective September 1, 2013.  Jim’s decision to resign was a result of his on-going recuperation from a recent, serious farm-related accident which he felt made it difficult for him to continue with his Board duties.

Jim brought a formidable combination of talents and insights to the VTA: A blue-chip executive in both the corporate world and the racing industry, he was also an enthusiastic, hands-on Thoroughbred racehorse breeder and owner.

Until 1994, Jim served as Senior Vice President and Chief Financial Officer of Dominion Resources, Inc., a $12 billion energy and natural resources company, subsidies of which include Virginia Electric & Power Co.  Upon his retirement from Dominion Resources, Jim turned his attention to the racing industry, first serving as Chief Financial Officer for the Maryland Jockey Club.  In 1997, he took on one of his greatest challenges, becoming the first President and Chief Financial Officer of Colonial Downs.  Jim’s efforts as Colonial Downs President helped ensure that the fledgling track met its state-mandated opening deadline of September 1 of that year, an accomplishment that will be long-remembered and thanked by appreciative Virginia racing fans.

Debbie Easter, VTA Executive Director, commented, “Jim’s years of tireless service and dedication say more than any words could about his love for and commitment to Virginia and our Thoroughbred industry.  Our Board and our membership would like to express our sincere thanks to Jim for all his efforts on our behalf.”