International Speedway Corporation Names Joie Chitwood III Vice President of Business Operations; Lynch Becomes Chairman of Talladega and VP, ISC Strategic Projects
DAYTONA BEACH, Fla. -- July 20, 2009 -- 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.