International Speedway Corporation Names Joie Chitwood III Vice President of Business Operations
20 Julio 2009 - 4:30PM
PR Newswire (US)
LYNCH BECOMES CHAIRMAN OF TALLADEGA AND VP, ISC STRATEGIC PROJECTS
DAYTONA BEACH, Fla., July 20 /PRNewswire-FirstCall/ --
International Speedway Corporation (Nasdaq Global Select Market:
ISCA; OTC Bulletin Board: ISCB) ("ISC") today announced Joie
Chitwood III will join the Company as Vice President of Business
Operations, effective August 10, 2009. In addition, the Company
announced W. Grant Lynch Jr. will become Chairman of Talladega
Superspeedway and Vice President, ISC Strategic Projects. Chitwood,
40, will lead strategy development and oversee business execution
across the Company's 13 motorsports facilities and Americrown
Service Corp., ISC's catering, concessions and merchandising
subsidiary. He will report to ISC Executive Vice President and
Chief Operating Officer, Roger VanDerSnick. In his new role as
Chairman of Talladega and VP, ISC Strategic Initiatives, Lynch will
oversee strategic management and community leadership for one of
ISC's premier facilities while continuing to provide leadership and
execution for key strategic projects across the Company. "Joie
possesses a wealth of experience in the motorsports industry and we
are thrilled to have someone of his caliber join our executive
team," said VanDerSnick. "He's a proven leader and has demonstrated
his ability to execute on various major projects, including the
development of Chicagoland Speedway. I also look forward to Grant's
continued contributions to our business in his new role as Chairman
of Talladega and VP, ISC Strategic Projects. His leadership and
insight continue to be valuable assets within the Company and will
combine well with Joie's talents." Prior to joining ISC, Chitwood
served as President and COO of Indianapolis Motor Speedway ("IMS").
He joined IMS as Senior Vice President, Business Affairs on Oct. 1,
2002, and was promoted to President and COO in December 2004.
Before joining the IMS executive staff, Chitwood was Vice President
and General Manager of Raceway Associates, LLC, which oversaw
construction of the 1.5-mile Chicagoland Speedway in Joliet, Ill.,
from 1999-2002. During his tenure at Chicagoland, Chitwood also
served on the board of directors of several Joliet-area economic
development organizations. Chitwood is relocating to Florida with
his family. International Speedway Corporation is a leading
promoter of motorsports activities, currently promoting more than
100 racing events annually as well as numerous other
motorsports-related activities. The Company owns and/or operates 13
of the nation's major motorsports entertainment facilities,
including Daytona International Speedway in Florida (home of the
Daytona 500 ); Talladega Superspeedway in Alabama; Michigan
International Speedway located outside Detroit; Richmond
International Raceway in Virginia; Auto Club Speedway of Southern
California(SM) near Los Angeles; Kansas Speedway in Kansas City,
Kansas; Phoenix International Raceway in Arizona; Chicagoland
Speedway and Route 66 Raceway(SM) near Chicago, Illinois;
Homestead-Miami Speedway(SM) in Florida; Martinsville Speedway in
Virginia; Darlington Raceway in South Carolina; and Watkins Glen
International in New York. In addition, ISC promotes major
motorsports activities in Montreal, Quebec, through its wholly
owned subsidiary, Stock-Car Montreal. The Company also owns and
operates MRN Radio, the nation's largest independent sports radio
network; the Daytona 500 Experience(SM), the "Ultimate Motorsports
Attraction" in Daytona Beach, Florida, and official attraction of
NASCAR ; and Americrown Service Corporation(SM), a subsidiary that
provides catering services, food and beverage concessions, and
produces and markets motorsports-related merchandise. In addition,
ISC has an indirect 50 percent interest in Motorsports Authentics ,
which markets and distributes motorsports-related merchandise
licensed by certain competitors in NASCAR racing. For more
information, visit the Company's Web site at
http://www.iscmotorsports.com/. DATASOURCE: International Speedway
Corporation CONTACT: Charles Talbert, Director of Investor and
Corporate Communications, +1-386-681-4281 Web Site:
http://www.iscmotorsports.com/
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