Speedway Motorsports, Inc. (TRK), a marketer and sponsor of motorsports activities, said on Wednesday that it has appointed Marcus Smith as Chief Operating Officer and President of the company. Smith was also appointed as president and general manager of Lowe's Motor Speedway.
Smith has served as a director and executive vice president of national sales and marketing for Speedway Motorsports since 2004. He has worked on behalf of all 10 motorsports-related operating units of the company, including seven speedways, Performance Racing Network, SMI Properties and 600 Racing.
Smith, who joined the speedway's corporate sales department as a marketing assistant, was promoted to account executive in 1996. In 1998, he was promoted to manager of new business development for SMI, where he negotiated the first naming-rights agreement for a NASCAR speedway as Charlotte Motor Speedway partnered with Lowe's Companies, Inc.
Shares of Speedway Motorsports closed Wednesday's regular trade at $25.08, down 15 cents or 0.59% but lost 3 cents or 0.10% in the after hours trading.
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