NASCAR Closes Merger With ISC | Performance Racing Industry
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NASCAR Closes Merger With ISC
October 18, 2019
In leading the new, combined company, Jim France will serve as the Chairman and Chief Executive Officer, with Lesa France Kennedy as Executive Vice Chair. Steve Phelps has been appointed President and will oversee all operations of the merged entity.
NASCAR Closes Merger With ISC

NASCAR announced that it has successfully closed its acquisition of International Speedway Corporation (ISC), merging its operations into one, new company moving forward. The new company will remain based in Daytona Beach, Florida, and will continue as NASCAR. As part of this process, ISC has been delisted from NASDAQ.

In leading the new, combined company, Jim France will serve as the Chairman and Chief Executive Officer, with Lesa France Kennedy as Executive Vice Chair. Steve Phelps has been appointed President and will oversee all operations of the merged entity.

“The merger of NASCAR and ISC represents a historic moment for our sport,” France said. “There is much work ahead of us, but we’re pleased with the progress made to position our sport for success. Delivering for our race fans and partners is job number one and we look forward to doing that better than ever for years to come.”

The merger represents a significant step forward for NASCAR as the sport creates a unified vision to embrace its long history of exciting, family-oriented racing experiences while developing strategic growth initiatives that will drive the passion of core fans and attract the next generation of race fans, according to a company release.

As part of the new organization, the Board of Directors will consist of France, France Kennedy, Mike Helton, and Gary Crotty, Chief Legal Officer. Phelps’ direct reports will represent executives with deep industry experience, including Ed Bennett, Executive Vice President & Chief Administrative Officer; Jill Gregory, Executive Vice President & Chief Marketing and Content Officer; Craig Neeb, Executive Vice President & Chief Innovation Officer; Steve O’Donnell, Executive Vice President & Chief Racing Development Officer; and Daryl Wolfe, Executive Vice President & Chief Operations and Sales Officer. In addition, Helton and John Saunders will serve as senior advisors under the new leadership structure.

For more information, visit nascar.com or internationalspeedwaycorporation.com.

Photo courtesy of NASCAR