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In wake of this tragedy and skyrocketing costs
the RARA revised its organizational bylaws and
restructured its board of directors in an effort
to allow for an effective decision-making
organization. The RARA will focus on
sponsorships, coalition building and
fundraising. The RARA’s board of directors will
fulfill the CEO roles and responsibilities.
Houghton reported he was told on Friday that his
position had been eliminated. He further stated
that the action by the board was disappointing
and devastating however, he was not shocked by
the move. “The reality of it is tough, I’ve been
doing this for 15 years and 16 races.”
Mike Major, Chairman of RARA's Board of
Directors said “Collectively, we would like to
express our gratitude to Mike for his leadership
and professionalism over the last 15 years. 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.
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