Leadership Team

William C. Carstanjen
Chief Executive Officer

William C. Carstanjen
Chief Executive Officer
William “Bill” C. Carstanjen was named Churchill Downs Incorporated’s twelfth Chief Executive Officer in August 2014 and appointed to the Board of Directors in July 2015. He served as CDI’s President and Chief Operating Officer (2011-2014), Chief Operating Officer (2009-2011) and Executive Vice President, General Counsel and Chief Development Officer (2005-2009). Prior to joining CDI in July 2005, he served as an executive with General Electric Company. He began his career as an attorney with Cravath, Swaine & Moore LLP in New York City, specializing in mergers and acquisitions, corporate finance and corporate governance. He brings a wealth of experience and knowledge to his leadership role at CDI. Throughout his tenure, he has led CDI’s diversification strategy into online wagering and regional casino gaming, as well as led the growth of the Kentucky Oaks and Kentucky Derby events. He is a graduate of the University of California at Berkeley, and received a law degree from Columbia University in New York. He is also a Director of Glenview Trust Company.

William E. Mudd
President and Chief Operating Officer

William E. Mudd
President and Chief Operating Officer
William “Bill” E. Mudd was named President and Chief Operating Officer of Churchill Downs Incorporated in September 2015. His career began at General Electric, where he amassed a great deal of leadership experience, including as CFO of Supply Chain, IT and Technology Finance for GE’s Consumer and Industrial Europe, Middle East and Africa division, during which time he resided in Budapest, Hungary. He joined CDI in 2007 as the company’s Executive Vice President and CFO before being promoted to the role of President and CFO in 2014, focusing on operations and growth in the casino, racing and online wagering segments, including the Kentucky Oaks and Kentucky Derby. During his tenure at CDI, his responsibilities have included all financial activities, including capital management, financial reporting, treasury, investor relations, financial planning and analysis, financial compliance, enterprise risk management and, since 2011, corporate development activities. He served as a captain in the U.S. Army Reserves for 14 years and holds a degree in mathematics and actuarial science from Bellarmine University. He also serves as the Chair of the Board of Trustees for Bellarmine.

Marcia A. Dall
Executive Vice President and Chief Financial Officer

Marcia A. Dall
Executive Vice President and Chief Financial Officer
Marcia A. Dall, CPA was named Executive Vice President and Chief Financial Officer of Churchill Downs Incorporated in October 2015, bringing a broad business background as CFO of a large publicly traded company, strong leadership skills and over 30 years of domestic and international financial experience to her role. As CFO, she is responsible for capital management, financial reporting, treasury, investor relations, financial planning and analysis, financial compliance and enterprise risk management. She has a Bachelor of Science degree in accounting at Indiana University and Masters of Management from Northwestern University’s J.L. Kellogg School of Management.

Maureen Adams
Executive Vice President of Gaming Operations

Maureen Adams
Executive Vice President of Gaming Operations
Maureen Adams brings over 25 years of leadership in the gaming industry and has served as Executive Vice President of Gaming Operations for Churchill Downs Incorporated since February 2022. Her career with CDI includes time as President of Calder Casino in Miami Garden, Florida. Her prior professional career includes 15 years with Caesars Entertainment where she held a variety of senior positions in finance, marketing, sales and operations across the entire enterprise. She holds a Bachelor’s degree in business administration and accounting from Richard Stockton University, an MBA from Rutgers University and has earned an International General Management Certification from Harvard Business School. She serves on the Norton Healthcare Foundation Board of Directors and in 2024 was recognized by Global Gaming Business as “25 People to Watch” as well as an “Enterprising Women Award Honoree” by Louisville Business First.

Bradley Blackwell
Executive Vice President and General Counsel

Bradley Blackwell
Executive Vice President and General Counsel
Bradley “Brad” Blackwell joined the team at Churchill Downs Incorporated in 2005 and has held numerous roles of increasing responsibility, including Corporate Counsel, Vice President, Legal & Regulatory Affairs for TwinSpires, Vice President, Legal and Vice President, Operations for CDI. Prior to joining CDI, he was Assistant General Counsel and Secretary for Michaels Stores, Inc. in Irving, Texas. He is a 1994 graduate of the University of Kentucky with a B.S. in Accounting. He received his J.D. from the Brandeis School of Law at the University of Louisville in 1998. He serves on the Board of Directors for the Muhammad Ali Center.