LEXINGTON, Ky. – Fred Hertrich III, the owner of Watercress Farm in Paris, Ky., has been elected as chairman of the board of Breeders’ Cup Ltd., the organization announced on Friday after a board meeting. Hertrich, who has been a director on the board for the past three years, will replace William S. “Bill” Farish, who has served as chairman for the past four years and will remain a director. Dan Pride, an official with the worldwide racing and breeding operation Godolphin, was elected vice-chairman of the board, which has 14 members, including the chairman and vice-chairman. Hertrich was elected unanimously to the chairmanship’s two-year-term, Breeders’ Cup said. Since being installed as a director in 2014, he has chaired the board’s Sponsorship Committee and served as a member of the Audit and Finance Committee. Hertrich is the president of the Hertrich Family of Automobile Dealerships, following in the footsteps of his father, who started up an auto dealership in Delaware in 1964. His Watercress Farm has bred, raised or sold 14 graded stakes winners and 60 listed winners, according to the Breeders’ Cup. :: Like this article? Get access to all premium articles, real-time coverage, special reports, and charts. Unlock access with DRF Plus.