Green Savoree Racing Promotions Launches New Subsidiary and Hires Terry Angstadt to Drive Growth Through Existing Racing Proper
April 12, 2012 10:00 ET
Green Savoree Racing Promotions Launches New Subsidiary and Hires Terry Angstadt to Drive Growth Through Existing Racing Properties and Acquisitions
Company's Plan for Growth is Built on People, Partnerships and Fiscal Management
INDIANAPOLIS, INDIANA--(Marketwire - April 12, 2012) - Kim Green and Kevin Savoree, owners of Green Savoree Racing Promotions, announce today important changes to their business operations that are intended to maximize the organization's growth in the North American auto racing sector. Effective May 1, Terry Angstadt, previously president of INDYCAR's commercial division, will assume the role of executive vice president and general manager of Green Savoree Racing Promotions and will be given the day-to-day reigns of Green Savoree Sports and Entertainment, a newly created subsidiary devoted to managing the sales and marketing activities of Green Savoree properties along with the evaluation and acquisition of new opportunities.
"Terry is an extremely competent and experienced motorsports professional who has excelled in his previous executive roles," said Kevin Savoree. "His track record is awesome and we believe he has the professionalism and interpersonal skills to help us drive our company toward its growth targets. We are delighted that he has accepted to join our existing leadership team."
"I have had the pleasure of working with Kim, Kevin and the team at Green Savoree for many years and have always considered them to be among the best in the business," said Terry Angstadt. "I am wholly committed to their vision of delivering a wholesome, diverse and exciting race event experience to customers while building a sustainable growth platform for all our business and community partners."
In close partnership with their general managers in St. Petersburg, Toronto and Mid-Ohio, Green and Savoree have implanted a growth philosophy and corporate culture that revolves around people, partnerships and sound fiscal management and a long-term business approach to event performance and corporate sponsorships.
"Key result areas are exceeding expectations across all three markets, from ticket sales to corporate sponsorships," said Kim Green. "These results are directly related to the performance of our personnel and broader team of partners, led by our general managers and a longstanding partnership with Honda. I am confident the addition of Terry to our organization will allow our team to improve its collective performance in 2012 and assuredly well beyond."
Terry Angstadt is an accomplished executive who has successfully managed demanding positions with a variety of corporations. For the past 11 years, Terry served tenures at Indianapolis Motor Speedway as Vice President, Marketing and at INDYCAR as president of its commercial division. While with INDYCAR and under his direct supervision, the series secured or expanded on sponsorship deals with top-tier corporations including IZOD, Honda and Apex Brasil, signed new races in Sao Paulo, Brazil and Qingdao, China, and experienced growth in most areas including TV audience, publicity and fan base.
About Green Savoree Racing Promotions
Founded in 2009 by veteran motorsports executives Kim Green and Kevin Savoree, Green Savoree Racing Promotions is a privately held motorsports event ownership and management company. In working together since 1993, Green and Savoree have won four IndyCar championships, three Indy 500s and the 12 Hours of Sebring as team principals, and established the Indy Racing League's first street race in 2004. Headquartered in Indianapolis, the firm owns and promotes multiple professional racing events in North America, including Mid-Ohio Sports Car Course, The Mid-Ohio School, Honda Indy Toronto and Honda Grand Prix of St. Petersburg. More information about the company is available at www.gpstpete.com, www.hondaindytoronto.com and www.midohio.com.
Media are invited to contact Green Savoree through the media contacts below for interviews, photography or additional information.
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