B. Wayne Hughes, citing a desire to focus on other business interests, has resigned his position on the Breeders' Cup Board of Directors, according to a release from the Breeders' Cup. "Since I began serving on the Breeders' Cup Board in 2006, we have undergone a series of changes and innovations, and I am proud to have played a role in helping chart a new course for the organization," Hughes said. Founder and chairman of Public Storage, Hughes is owner of Spendthrift Farm. "We will miss Wayne's passion for our industry, his business acumen and candor, and we are very grateful for his service to the Breeders' Cup," said Breeders' Cup Chairman William S. Farish, Jr. Hughes's term expires in June. The Breeders' Cup Board will choose someone from the Breeders' Cup Members and Trustees to complete the term on Jan. 20.