Brian France named NASCAR chairman, CEO

LOUDON, N.H. -- NASCAR's been a family-owned business since its inception -- and the leadership of that business was handed down to the next generation on Saturday.

	Brian France

Brian France, grandson of the founder and son of the current chairman, has been named chairman of the board and chief executive officer of NASCAR.

Bill France Jr., the outgoing president and CEO, will remain with NASCAR as a vice chairman, along with Bill's younger brother, Jim.

"Brian is well prepared to lead this sport and this company into the future," Bill France said. "I am confident that the future of NASCAR is in very capable hands."

"NASCAR is my life's work, and my father's before me; this decision is probably one of the most important ones I've made at NASCAR -- and I know it's the right decision."

Brian France has an extensive background in racing. He helped develop and manage the Weekly and Touring Series divisions and launch the Craftsman Truck Series.

He took over NASCAR's marketing responsibilites in 1994 and opened NASCAR's New York office in 1997. He was also one of the key proponents of NASCAR's new research and development center and founded NASCAR's diversity council.

"I've been fortunate to spend my entire life in this sport and have worked with some of the giants who made NASCAR what it is today, starting with my father and grandfather," Brian France said.

"NASCAR has always stood for quality. I am proud and honored to lead this great company into the future and build on that tradition of quality."

NASCAR Director of Communications Jim Hunter said the entire senior management team will remain intact. A news conference is scheduled for Monday afternoon to further discuss the change.