Marcus G. Smith |
The board of directors for Speedway
Motorsports, Inc. has named Marcus G. Smith chief executive officer, with his
father, O. Bruton Smith assuming a new role as executive chairman.
Bruton Smith, who has served as
chairman and chief executive officer since the company’s initial public
offering in 1995, will report directly to the board of directors, working
closely with the board and the chief executive officer to engage in the overall
leadership and strategic direction of the company, guide senior management,
coordinate activities of the board and communicate with the company’s key
stakeholders.
Marcus Smith, who has served as
Speedway Motorsports, Inc.’s president and chief operating officer since 2008,
will work closely with the executive chairman to manage day-to-day operations
of the company, provide overall leadership and strategic direction and
communicate with key stakeholders. Smith will maintain his roles and titles of
president of Speedway Motorsports, Inc. and president and general manager of Charlotte
Motor Speedway, positions he has held since 2008.
The realignment,
approved Wednesday by the Speedway Motorsports, Inc. board of directors, is
effective immediately.
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