Tuesday, April 14, 2009

Changes at the top coming for ISC

Jim France will step down as chief executive officer of International Speedway Corporation effective June 1 with Lesa Kennedy succeeding him in that role.

Jim France is the son of NASCAR founder Bill France Sr., brother of former NASCAR chairman Bill France Jr. and uncle of current NASCAR chairman Brian France. Brian France is Lesa Kennedy’s brother.

Jim France will retain his role as chairman of ISC’s board of directors. Lesa Kennedy will remain vice chair of the ISC board.

The announcement was made to ISC stockholders Tuesday morning.

“While I will miss being involved in the daily operations of ISC, I will continue to provide strategic oversight and support to Lesa and the rest of the ISC senior management team,” Jim France said in a memo to ISC employees. “Under Lesa’s outstanding leadership, the company’s Board of Directors has every confidence that ISC will remain a dynamic and successful company for many years to come.”

John Saunders, currently the executive vice president and chief operating officer of ISC, will take over as ISC president – the title previously held by Lesa Kennedy.

Roger VanDerSnick, currently senior vice president of marketing and business operations, becomes executive vice president and chief operating officer. Daniel Houser moves from vice president to senior vice president while remaining chief financial officer and treasurer.



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