Jim France To Yield Top Job At ISC
A new generation will soon be taking over the top spot at International Speedway Corp.
Beginning June 1, Jim France will step down as CEO of the company which builds and operates major race tracks in the country’s top markets, and Lesa France Kennedy will take over in that role.
So, while ISC will stay a France-family operation, it will do so with grand daughter of NASCAR-founder Bill France Sr. in charge.
Jim France is France Sr.’s son and also has been serving on the NASCAR board of directors.
France Kennedy is also a member of the NASCAR board, which is chaired by her brother, Brian Z. France.
France Kennedy has been serving as president of ISC.
ISC owns 12 NASCAR sanctioned tracks, including Daytona International Speedway, Kansas Speedway, Phoenix International Speedway, Auto Club Speedway near Los Angeles, Chicagoland Speedway and Homestead-Miami Speedway.
In addition to race tracks, ISC owns and operates MRN Radio, the nation’s largest independent sports radio network; Daytona 500 Experience, the “Ultimate Motorsports Attraction” in Daytona Beach, Florida and the official attraction of NASCAR; Americrown Service Corporation, a provider of catering services, food and beverage concessions, and merchandise sales; and Motorsports Authentics, a producer and marketer of motorsports-related merchandise licensed by certain competitors in NASCAR racing.
ISC is also attempting to get into the casino business. Last year it submitted a bid to build a casino at Kansas Speedway. That bid was accepted. However, when the economy took a turn for the worse, ISC and its partner in the venture, the Cordish Company, opted to submit a new bid.
That bid is currently in front of the Kansas commission set up to consider casino construction.
If approved again, ISC and Cordish will build a Hard Rock casino and hotel in Turn Two of Kansas Speedway.
France Kennedy played a major role in the planning and the bid.
“These changes follow the Company’s plan of succession that has been in place for quite some time,” Jim France said. “Working closely with the Board, I look forward to continuing to provide key oversight and support to a strong management team that has shown careful and sound judgment on both strategic and operational matters. Under Lesa’s continued outstanding leadership, I have every confidence they will drive future success for ISC’s shareholders 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.No Comment