CHAMPCAR/CART: Rockingham names new Chief Executive

30th September 2002 - Rockingham is pleased to announce today the appointment of Ashley Pover as Chief Executive of Europe's fastest motor racing circuit. Ashley will take over the day to day running of Britain's newest international sporting ...

30th September 2002 - Rockingham is pleased to announce today the appointment of Ashley Pover as Chief Executive of Europe's fastest motor racing circuit. Ashley will take over the day to day running of Britain's newest international sporting facility from outgoing CEO David Grace, who announced in July that he was leaving in the autumn, having achieved his goal of getting Rockingham 'up and running', to pursue a career in other areas of the motor sport industry.

Prior to arriving at Rockingham Ashley Pover spent fifteen successful years with Cantor Fitzgerald and Co, one of the worlds leading financial institutions. As Chief Executive of the London branch and then later CEO of the Toronto office, Ashley was responsible for several new financial product lines and building the company's presence on the European and world stage.

"I'm astounded by the quality of this world class facility, it should be a national treasure. Rockingham is now up and running and has staged some great racing in the past eighteen months. However, we now need to build the awareness of this international entertainment venue to a wider audience. Rockingham's strengths are not limited to motor racing, but this is going to become a wonderful family venue with a multitude of other forms of entertainment."

Outgoing CEO David Grace said, "This has probably been the most challenging two years of my working life, but it has been very rewarding in taking the business from a building site to something that actually works. I shall remain active within the industry and shall continue to promote Rockingham at every opportunity. I would like to wish Ashley and his team every success with the future development of the Rockingham brand."

Rockingham has also announced that Chairman Peter Middleton has stepped down after fulfilling the role for two years and will be replaced by Joe Dickinson, who has been a member of the Rockingham board since September 2001.

Ashley Pover notes:

- Ashley returns to the UK with his wife Lucy and three children, Alex (14), India (3) and Freddie (18 mths).

- He was born in Wembley, North London, on 23rd December 1959 and attended the London Business School.

- He served on the boards of the Toronto Symphony Orchestra and the Canadian Stage Company.

- Personal Interests include -- Playing competitive Ice Hockey, Playing the Piano, Collecting Wine, small film production company which has made two films to date.

Rockingham and CART notes

Rockingham Motor Speedway was completed in May 2001 at a cost of £52million and is situated just north of Corby in Northamptonshire. The 300-acre Rockingham Motor Speedway is the only American style banked oval track in the UK. The track is 1.5 miles long, with a maximum bank angle of 7.9 degrees, and incorporates several road course circuits, including the 2.54-mile International, which is used to run other championships such as British Superbikes and British Formula 3. The circuit is privately funded, with Guy Hands as the principal share holder.

Rockingham is Europe's fastest race circuit and the outright lap record stands to Brazilian Tony Kanaan, who recorded an average lap speed of 215.379 mph at the 2001 Rockingham 500. The Rockingham 500 was the only European round of the 2002 CART FedEx Championship Series, the American premier open wheeled championship, which was formerly known as IndyCar. Nineteen of these Formula One look-alike cars took part in the race on September 14th, which was won by Britain's Dario Franchitti. Further information on the CART (Championship Auto Racing Teams) series can be found at www.cart.com. The 2003 Rockingham 500 is scheduled to take place on Sunday May 5th.

-rms/kpm-

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About this article
Series Automotive , IndyCar
Drivers Dario Franchitti , Tony Kanaan