Parella Motorsports Holdings (PMH), parent company of the SpeedTour brand and multiple road-racing series, has named Lee Giannone as its new CEO. Tony Parella, founder of the company, will remain on the board of directors.

As CEO, Giannone will apply his experience from a diverse career spanning finance, motorsports consulting and strategic business development to his role overseeing the business operations and strategy of PMH, the company said in a statement announcing the appointment.

Velocity Capital Management, a private equity firm, acquired PMH with co-investors Cohesive Capital and Bolt Ventures in 2023.

Most recently, Giannone served as director of Mecum finance at Mecum Auctions, where he led integrations and development of external finance and related partner businesses for the company. Giannone is also a motorsports enthusiast, the organization said, and is a 25-year Porsche GT and GTP prototype driver who has participated in vintage motorsports with PMH at major circuits for more than two decades. 

For more information, visit speedtour.net.