DAYTONA BEACH, Fla.,
April 8, 2015 /PRNewswire/
-- International Speedway Corporation (NASDAQ Global
Select Market: ISCA; OTC Bulletin Board: ISCB)("ISC") today
announced the appointment of Larree M.
Renda and the re-election of four members to the Company's
Board of Directors, the promotion of seven members of the executive
management team and appointment of one executive officer, and an
increase in its annual dividend.
Renda will hold office until the 2017 annual meeting of
shareholders, completing the term of Lloyd
Reuss, who did not stand for re-election in 2014.
Renda will serve as a member of the Audit and Compensation
Committees.
"Following a search by our Board, we are delighted to welcome
Larree Renda to ISC's Board of
Directors," stated ISC Chief Executive Officer Lesa France Kennedy. "Her leading
experience in retail strategy, real estate, and financial planning
will add tremendous value to ISC as we continue to grow our
business and increase long-term value for our
shareholders."
ISC promoted seven key executives for their significant
contributions and achievements including Dan Houser to Executive Vice President, CFO and
Treasurer; Gary Crotty to Executive
Vice President, Chief Administration Officer and Chief Legal
Counsel; Craig Neeb to Executive
Vice President, Chief Development and Digital Officer; Daryl
Wolfe to Executive Vice President, Chief Marketing Officer;
Joie Chitwood to Executive Vice
President, ISC and President, Daytona International Speedway;
Laura Jackson to Senior Vice
President, Corporate Services and Chief Human Resources Officer;
and Brett Scharback to Senior Vice
President, Legal and Chief Compliance Officer. ISC appointed
Greg Motto to Vice President,
Finance and Accounting and ISC Controller.
Motto, 42, first employed by ISC in 2000, previously served as
ISC Managing Director of Finance and Controller. As Vice
President, he will continue to manage integrated financial planning
and reporting while overseeing the Company's accounting operations
and internal controls. His growing role in investor relations
activities positions him working closely with shareholders and the
wider investment community.
"We are pleased to recognize several key members of our
executive team for their proven ability to lead and consistently
execute at the highest level," stated Kennedy. "Greg's keen
financial insight is a welcome addition to our senior leadership
and reinforces our commitment to growth and development."
ISC declared an annual dividend of $0.26 per share, payable on June 30, 2015, to common stockholders of record
on May 29, 2015, marking the
42nd consecutive year that the Company has paid a
dividend to its shareholders. ISC paid an annual dividend of
$0.24 per share in 2014.
Separately, at the annual meeting of ISC shareholders, the
following members of the Company's Board of Directors were
re-elected to a three-year term: Lesa
France Kennedy; Larry Aiello,
Jr.; J. Hyatt Brown; and
Sonia M. Green.
About Larree M. Renda
As one of Safeway's top female executives for 15 years, Renda
managed retail strategies and many administrative roles for one of
the largest food and drug retailers in North America. Her
areas of influence included labor relations, public affairs,
communications, government relations, health initiatives, human
resources, corporate social responsibility and sustainability,
philanthropy, industrial engineering, IT and real estate. She
also oversaw two of Safeway's wholly owned subsidiary corporations
including Safeway Health Inc., a business venture created to
provide assistance to other companies in creating a culture of
better health for their employees and Property Development Centers
Inc., a shopping center development company.
Renda currently serves as a member of the Board of Directors,
and Audit and Nominating Governance Committees of Casey's General
Stores, Inc., a public company. Renda was a member of the
Board of Directors for HSBC Finance Corporation and for HSBC North
America Holdings Inc. from 2001 to 2013 and served on their Audit
and Risk Committees. She was also a member of the Board of
Directors of Casa Ley, Safeway's joint venture in Mexico. She
was voted one of the "50 Most Influential Women in Business" by
Fortune magazine and was a board and Executive Committee
member of the California Chamber of Commerce. Renda is the
founder of The Safeway Foundation, an organization that oversees
the company's charitable giving activities, and remained Chair
until her departure from Safeway earlier this year. Under her
direction, Safeway contributed more than $200 million each year to a range of charitable
initiatives including food banks, education, breast and prostate
cancer awareness and research, and other organizations including
Easter Seals, Special Olympics and
MDA.
ABOUT ISC
International Speedway Corporation is a leading promoter of
motorsports activities, currently promoting more than 100 racing
events annually as well as numerous other motorsports-related
activities. The Company owns and/or operates 13 of the nation's
major motorsports entertainment facilities, including Daytona
International Speedway® in Florida
(home of the DAYTONA 500®); Talladega Superspeedway® in
Alabama; Michigan International
Speedway® located outside Detroit;
Richmond International Raceway® in Virginia; Auto Club Speedway of Southern CaliforniaSM near
Los Angeles; Kansas Speedway® in
Kansas City, Kansas; Phoenix
International Raceway® in Arizona;
Chicagoland Speedway® and Route 66 RacewaySM near
Chicago, Illinois; Homestead-Miami
SpeedwaySM in Florida;
Martinsville Speedway® in Virginia; Darlington Raceway® in South Carolina; and Watkins Glen
International® in New York.
The Company also owns and operates Motor Racing
NetworkSM, the nation's largest independent sports radio
network, and Americrown Service CorporationSM, a
subsidiary that provides catering services, food and beverage
concessions, and through its subsidiary Motorsports Authentics,
produces and markets motorsports-related merchandise. In addition,
the Company has a 50 percent interest in the Hollywood Casino at
Kansas Speedway. For more information, visit the Company's website
at www.InternationalSpeedwayCorporation.com.
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SOURCE International Speedway Corporation