Paul Oreffice, a highly successful business executive who owned horses through racing partnerships for four decades and served on the board of the New York Racing Association, died on Dec. 26 at his home in Paradise Valley, Ariz., according to his family. Oreffice was 97.
Born in Italy, Oreffice rose to the highest ranks of the Dow Chemical Company, becoming president and chief executive in 1978. In the 1980s, he began investing in Dogwood Stables, the racing partnership founded by Cot Campbell, and later invested with Eclipse Thoroughbred Partners after Dogwood dissolved.