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International Speedway COO leaving in November

Joie Chitwood III resigned as executive vice president and COO of International Speedway Corp. effective Nov. 30.

In an Aug. 22 statement, Chitwood said it was time to "find a new challenge" ahead of the closing of the company's takeover deal.

The promoter of motorsports activities recently received a nonbinding offer from the National Association for Stock Car Auto Racing, or NASCAR Holdings Inc., to acquire all its outstanding shares of class A and class B common stock.