France hands over presidency

NASCAR's longtime president Bill France has stepped down from his role after over 25 years to assume a position on a newly-formed board of directors

France hands over presidency

France has been president of NASCAR since 1972, but will be succeeded in that position by Mike Helton, who was previously CEO.

"Mike is well suited to carry on the tradition of strong leadership at NASCAR, not only within our offices but within the entire industry," said France. "He has a great understanding of the sport and its values."

Sixty-seven-year-old France is recovering from cancer, but will continue his links to the series from the board of directors, where he is joined by Jim France (his brother), Brian France (his son), Lesa Kennedy (his daughter) and Helton.

"We have worked vigorously to build a foundation and create depth within our senior management team, while proving the France family commitment to direct the sport since my father founded NASCAR in 1948," Bill added. "Our mission remains the same. We want to continue to grow the sport while continuing to find opportunities that benefit our drivers, teams and tracks."

NASCAR is now worth an estimated $2.8-billion in TV rights alone.

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