Removed”…To Further Reduce Expenditures And Streamline Our Efforts…”
On the last day of 2013, the Reno Air Race Association provided a surprising press release which stated Mike Houghton, CEO & President of the Reno Air Race Association was relieved of his duties after 15 years of service.
The Reno Air Race Association stated 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 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.”
2013 President & CEO Mike Houghton Driving “Red 1” VW Bug
