12/02/2005 12:00AM

Guild relocates to cheaper office


The Jockeys' Guild has relocated its offices from a space shared with a company owned by its former chief executive officer to a new location in Duarte, Calif., officials for the Guild said Thursday.

The new office, a 2,000-square-foot space for which the guild pays $1,706 a month rent, is two miles away from the guild's former office in Monrovia, Calif., according to Angie Gimmel, a guild spokeswoman. The guild had previously paid $4,000 a month to Matrix Capital Associates, a consulting company owned by the guild's former chief executive, L. Wayne Gertmenian, for an 1,800-square-foot space, Gimmel said. Gertmenian was ousted by the guild's board of directors on Nov. 15. The board also severed all ties to Matrix, which, in addition to rent, received approximately $335,000 a year from the guild.

Barry Broad, legal counsel to the guild, said Friday that the move will allow the guild to begin to restructure.