Market Overview

David McGrath Named Executive Vice President and General Manager of New Hampshire Motor Speedway

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CONCORD, N.C.--(BUSINESS WIRE)--

Speedway Motorsports, Inc. Chief Executive Officer Marcus Smith has announced the promotion of David McGrath to the position of executive vice president and general manager at New Hampshire Motor Speedway.

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David McGrath (Photo: Business Wire)

David McGrath (Photo: Business Wire)

McGrath takes over the position previously held by Jerry Gappens, who has resigned.

"During his time at New Hampshire Motor Speedway, David has shown tremendous leadership and great passion for his work," Smith said. "He has earned the respect of his peers across the company and has embraced opportunities to tackle new challenges. Under his direction, I am confident the future of New Hampshire Motor Speedway is in good hands."

McGrath, 51, joined the speedway in November of 2011 as the director of advertising and promotions. He was voted by his peers as the speedway's Employee of the Year in 2012. McGrath was promoted to vice president of marketing and promotions in January of 2013 and then to vice president of corporate sales in January of 2014.

"I am thrilled to lead and inspire this wonderful team of dedicated employees, who are as equally passionate about the success of New Hampshire Motor Speedway as I am," said McGrath. "I'm ready to roll up my sleeves and go to work in this new capacity as we continue to move our business forward in 2016 and beyond."

Smith continued, "Jerry Gappens has been a significant part of our company's growth both at Charlotte Motor Speedway and in New Hampshire. We are appreciative for his 23 years of service and wish him the very best for the future."

"I've spent the majority of my working life promoting events for Speedway Motorsports, and it's been an experience I'll always treasure," said Gappens. "I truly appreciate the opportunities provided to me by the Smith family. Now that a successful 25th anniversary season is complete at New Hampshire Motor Speedway, the time is right for me to move on to the next chapter in my life. The Magic Mile will no doubt continue to prosper under David's leadership."

McGrath's background in motorsports includes serving as the marketing manager for the pro racing division of the Sports Car Club of America in Englewood, Colorado. At SCCA, McGrath was responsible for sponsor acquisition, contingency programs and marketing from the sponsorship side to a fan base of more than 55,000.

Before joining the Magic Mile, McGrath worked for Comcast Spotlight, the local advertising sales division of Comcast Cable, for a period of 12 years. McGrath served as the northern Colorado and Wyoming area sales manager, serving multiple markets and supervising four sales offices. He later relocated to New England to become the local sales manager for Comcast's Portsmouth, New Hampshire office, the most recent position he held before joining New Hampshire Motor Speedway.

Born and raised in Marlborough, Massachusetts, McGrath moved from New England to Colorado in 1989, where he spent 19 years before moving back to New England in 2008. McGrath currently lives in Kennebunk, Maine, with his wife, Marybeth, and their two children Garrett, 18, and Samantha, 11.

McGrath is a graduate of Metropolitan State University in Denver, Colorado, where he received a bachelor's degree in speech communications and a minor in English.

About Speedway Motorsports, Inc.

Speedway Motorsports, Inc. is a leading marketer, promoter and sponsor of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates the following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor SpeedwaySonoma Raceway and Texas Motor Speedway. The Company provides souvenir merchandising services through its SMI Properties subsidiaries; manufactures and distributes smaller-scale, modified racing cars and parts through its U.S. Legend Cars International subsidiary; and produces and broadcasts syndicated motorsports programming to radio stations nationwide through its Performance Racing Network subsidiary. For more information, about the company, please visit the Speedway Motorsports website.

Speedway Motorsports, Inc.
Scott Cooper, 704-455-3209

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