Changes at top at Iowa Speedway

Fritz resigned CEO position in August to pursue new career opportunity

Published: Wednesday, Sept. 11, 2013 11:38 a.m. CDT • Updated: Wednesday, Sept. 11, 2013 11:59 a.m. CDT

A new opportunity for former Iowa Speedway CEO Doug Fritz has led to a shake-up in the track’s day-to-day management.

Last month, Fritz went to Iowa Speedway President Stan Clement and his brother, Iowa Speedway Board Chairman Conrad Clement, to tell them he had a new and exciting career opportunity in the motorsports industry. What that new opportunity is remains a secret, for now, but the message Iowa Speedway officials want to convey is that Fritz wasn’t forced out.

Fritz, in an effort to not create confusion in the final race weekend at the track, tendered his resignation last month. It was not effective until Monday, however. Conrad Clement expressed his warm wishes for Fritz’ future in a statement issued to the media last night.

“We wish Doug the very best in his new venture, and thank him for all of his efforts on behalf of our racetrack,” he said.

Fritz’ departure has led to changes in the management structure at Iowa Speedway. Conrad Clement said Stan Clement would continue in his role as President, but would also assume the title and duties of CEO.

September is a critical month in the racing business. That is when most of the contracts for races and sponsorships are finalized. NASCAR is set to announce the schedules in each of its three primary race series in the next couple of weeks.

Conrad Clement said senior staff was working to assemble “a very attractive schedule” for the 2014 race season.

“We are discussing specific race dates with all of the sanctioning bodies, and plan to have a final schedule approved within the next two weeks,” he said. “Season ticket packages will be available for sale shortly after approval of the 2014 schedule.” 

Conrad Clement also said facility improvements are being planned for the track, along with additional fan amenities.

“Thanks to the great fan support we have enjoyed over the last seven years, Iowa Speedway has a very bright future ahead,” he said. “[W]e are looking forward to another outstanding year in 2014.”

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