Lowe's Motor Speedway Executive Doug Stafford To Pursue Interest in Real Estate Development Company
CONCORD, N.C. (April 13, 2005) - Lowe's Motor Speedway President H.A. "Humpy" Wheeler announced today that Doug Stafford, executive vice president for the speedway, will leave his post on June 10 to oversee the day-to-day operations of his real estate development company.
Stafford joined the speedway in 1992 and has worked closely with Wheeler in managing the day-to-day operations of the multi-use motorsports facility.
During Stafford's tenure, the speedway has significantly increased seating capacity, added new events and expanded existing events.
"Doug has done a tremendous job and I have a deep appreciation for him as a person and everything he has done for us here for the past 13 years," said Wheeler.
"I have enjoyed my career at the speedway and will always be grateful for the opportunities afforded to me by both Humpy and Bruton (Smith, chairman of the speedway)," said Stafford. "Humpy was instrumental in my decision to relocate my family to the Charlotte area and the opportunity to use my skills in the motorsports industry."
The 52-year-old Stafford will devote his full attention to his real estate development company, Griffin Stafford Management & Development, LLC, which he and partner Joel Griffin formed two years ago. The company owns and manages limited service and extended stay hotels.
"With the improving economy and the upturn in the hospitality industry, the timing is right to do this," said Stafford. "However, my decision to leave in June is based on my desire to fulfill my race-time responsibilities here at the speedway, assist the North Carolina Local Organizing Committee with its efforts in keeping the NASCAR NEXTEL All-Star Challenge here and to work closely with the NASCAR Hall of Fame Committee in completing its proposal for the Charlotte-area bid."
Wheeler said that with the speedway staff focused on the upcoming May race events, Stafford's successor would not be announced until after the May 29 Coca-Cola 600.