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Jim Selwa Joins Panoz Motor Sports, Goal is Expansion and Road Atlanta Development

8 August 1997

Jim Selwa Joins Panoz Motor Sports, Goal is Expansion and Road Atlanta Development

    BRASELTON, Ga., Aug. 8 -- Donald Panoz, president of Panoz
Motor Sports, today announced the appointment of James G. Selwa, 46, as the
company's executive vice president and chief operating officer.
    In his new position, Selwa is responsible for all Panoz racing activities,
including its sports car programs in Europe and the United States.
    He also takes charge of the revitalization and renovation of the Road
Atlanta race course.  The company's goal is to make the track into a premier
motor sports facility, capable of hosting Formula One, CART, or other major
events by 1999.
    In addition, Selwa will be an advisor on the expansion of the Panoz Auto
Development Company, founded by Daniel Panoz, president, who is Donald's son.
This company produces limited-production sports cars, including the Panoz
roadster, that make extensive use of aluminum in their construction.
    "I'm truly delighted to be involved with this organization," Selwa said.
"Road Atlanta is a beautiful, challenging circuit in a vigorous, growing
market area.  The potential is enormous, not only for Panoz as a cutting-edge
car builder, but also for the track as a world-class racing facility and as a
site for a variety of special events."
    "I believe Jim is the right person in the right position at the right
time," said Donald Panoz.  "He's a car guy, and his experience in the auto
industry gives him the skills necessary to direct our development and achieve
our goals."
    Selwa joins Panoz Motor Sports following two years as president and CEO of
Lotus Cars USA, importer of the British-built Lotus Esprit V8 supercar.
    Prior to his tenure at Lotus, he served for eight years as chairman and
CEO of a marketing services company in Michigan, whose clients included Rolls-
Royce Motor Cars, Lamborghini, Volvo and General Motors.
    Selwa is a resident of Bloomfield Hills, Mich., and attended the business
school at Oakland University.  He began his career at American Motors in 1971
as a product specialist, then joined the marketing department of Volvo Cars of
North America in 1977.
    His special interests include auto racing, trap shooting and collecting
exotic cars.

SOURCE  Panoz Motor Sports