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/.
International Speedway Corporation
CONTACT: Charles Talbert, Director of Investor and Corporate
Communications, +1-386-681-4281
Web Site: http://www.iscmotorsports.com/
