International Speedway Corporation Names New Chief Operating Officer Joie Chitwood III
Announces New President of Daytona International Speedway
DAYTONA BEACH, Fla. – April 25, 2016 – International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (“ISC”) today announced that Joie Chitwood III, Executive Vice President, ISC and President of Daytona International Speedway, has been promoted to Chief Operating Officer of ISC. Concurrently, the Company announced that Chip Wile, President of Darlington Raceway, has been promoted to President of Daytona International Speedway.
“Joie has played a tremendous role in the success of our flagship racetrack at Daytona International Speedway since 2010,” stated ISC CEO Lesa France Kennedy. “Most recently, his leadership of the DAYTONA Rising project, while simultaneously operating the facility, has demonstrated his operational acumen.”
Chitwood moves into the newly-formed role of COO following oversight of the Company’s largest development to-date – the $400 million transformation of Daytona International Speedway into the world’s first motorsports stadium, along with the 2010 repave of the Speedway. In his new position, Chitwood will oversee ISC enterprise facility operations, along with strengthening key industry initiatives.
“Joie’s promotion is well deserved and reflects his achievements and increased role in the Company’s future,” said John Saunders, President of ISC. “He brings a distinct passion, creativity, and drive to this new role and we look forward to his contributions.”
Wile, promoter of one of NASCAR’s most successful events of the 2015 season – the Bojangles’ Southern 500, will transition from leadership of Darlington Raceway to President of Daytona International Speedway. In just two years as President of Darlington Raceway, Wile transformed the facility’s identity and impact on and off the track. He spearheaded a five-year strategy to reinvent Darlington Raceway with an inaugural Throwback Campaign during NASCAR’s return to Darlington on Labor Day weekend, in addition to re-engaging the local community hosting nearly 15 annual events. In his new role, Wile will oversee promotion and operation of the new motorsports stadium beginning with its first major event, the Country 500 over Memorial Day weekend, followed by the Coke Zero 400 Powered By Coca-Cola.
“Chip personifies the ideal track president being someone who values relationship building as the catalyst for collaboration and promotion,” stated Kennedy. “He not only operates with a fan-first mentality, but is deeply community-focused and a real team player, all of which will serve him well in this new role.”
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 CaliforniaSM near Los Angeles; Kansas Speedway® in Kansas City, Kansas; Phoenix International Raceway® in Arizona; Chicagoland Speedway® and Route 66 RacewaySM near Chicago, Illinois; Homestead-Miami SpeedwaySM in Florida; Martinsville Speedway® in Virginia; Darlington Raceway® in South Carolina; and Watkins Glen International® in New York.
The Company also owns and operates Motor Racing NetworkSM, the nation’s largest independent sports radio network and Americrown Service CorporationSM, a subsidiary that provides catering services, and food and beverage concessions. In addition, the Company has a 50 percent interest in the Hollywood Casino at Kansas Speedway. For more information, visit the Company’s Web site at www.internationalspeedwaycorporation.com.