SAD NEW: nascar CEO Jim France have just be confirmed dead in a massive burning home commmunity mourns …
The privately owned company was founded by Bill France Sr. in 1948, and his son, Jim France, has been the CEO since August 2018. The company is headquartered in Daytona Beach, Florida. Each year, NASCAR sanctions over 1,500 races at over 100 tracks in 48 US states, as well as in Canada, Mexico, Brazil and Europe.
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Before Nascar finalizes its new charter deal with its full-time teams, which is still being negotiated, the sanctioning body is making key internal changes.
Nascar will shift around several of its executives, Sports Business Journal first reported. Among the changes are President Steve Phelps taking on greater responsibilities, as well as focus on the sport’s “strategic vision and global expansion of Nascar-owned racing properties.”
Ben Kennedy, a former racer himself and the likely heir-apparent to eventually replace current Nascar CEO Jim France, will switch roles. He will move from being SVP of racing development and strategy to EVP and chief venue and racing innovations officer. The new division will be a combination of the scheduling and facility development groups, putting the two together with Nascar’s consumer strategy division.
Brian France’s name only appears twice in the current NASCAR Monster Energy Cup Series media guide, both relating to taking over leadership of the series from his father in 2003.
There’s not much detail provided in the 502-page book as to why he’s no longer in that position.
Jim France assumes the role of NASCAR Chairman and CEO and Steve Phelps is named the President of NASCAR, becoming just the fifth different president of the sport,” the guide reads in describing the September 2018 shift of power atop the most powerful racing organization in North America.
Brian France took an indefinite leave from his role as NASCAR chairman and CEO after his arrest in August for driving while intoxicated in New York and his uncle, Jim France, was giving the interim tag. That designation, however, has become more permanent.
“Jim is Chairman and CEO,” NASCAR spokesperson Eric Nyquist told USA TODAY Sports on Wednesday.
