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Penske Motorsports Announces Executive Appointments

14 December 1998

Penske Motorsports Announces Executive Appointments

    FONTANA, Calif., Dec. 11 -- Penske Motorsports, Inc. (PMI)
has announced the following executive appointments: Scott
Atherton, president and general manager for California Speedway; William G.
Miller, president and general manager for Nazareth Speedway and Craig Rust,
director of marketing and corporate hospitality for California Speedway,
according to Greg Penske, president, Penske Motorsports.  The appointments are
effective immediately.
    Les Richter, executive vice president for PMI, will leave his day-to-day
duties at California Speedway and will work with all PMI tracks on operational
issues.  Richter has served as the executive vice president for PMI and
California Speedway since June of 1996.  He left NASCAR in June of 1994 to
oversee the building of the California Speedway.  His years of motorsports
experience played an important role in the development of the speedway and he
was key to its successful opening in June of 1997.
    "These executive appointments demonstrate the strength of our organization
and the depth of our management team at all of our speedways," said Penske.
"Their experience in motorsports will be important to the success of PMI as we
continue to grow our company."
    Atherton joined PMI in 1997 when he was named executive vice president and
general manager for Nazareth Speedway located in Nazareth, Pennsylvania.
Prior to joining PMI, he served as general manager from 1993-97 at Laguna Seca
Raceway in Monterey, California where he successfully promoted CART, AMA,
SCCA, IMSA and FIA sports car and motorcycle races.  Previous to working at
Laguna Seca, Atherton was vice president of marketing and promotions for
Domino's Pizza.  He spent a total of nine years with Domino's, beginning his
sports marketing career as a director of sports marketing in 1984.
    Miller has been with PMI for eight years, the last three years as director
of marketing and corporate hospitality for California Speedway.  The Ohio
native began his motorsports career as a marketing representative for Michigan
Speedway in the summer of 1991, a position he held until being named director
of marketing in January of 1994.
    Rust joined California Speedway in 1996 as a marketing manager.  As
director, he will be in charge of corporate sales, marketing, sponsor
relations, developing new sponsorships and corporate hospitality.  His
previous experience includes sponsorship manager at International Sports and
Event Marketing, Ltd. (ISM) in Newport Beach, California and as an Account
Executive with World Sports & Entertainment in New York City.  He began his
sports marketing career as manager, event sponsorships for Madison Square
Garden (MSG) and sales coordinator for MSG Network which was responsible for
the sponsorship sales for MSG Network, New York Knicks, New York Rangers and
the New York Yankees.
    Penske Motorsports, Inc. (PMI) is a leading promoter and marketer of
professional motorsports in the United States.  PMI owns and operates the
following facilities through its wholly owned subsidiaries: Michigan Speedway
in Brooklyn, Michigan; Nazareth Speedway in Nazareth, Pennsylvania; California
Speedway in San Bernardino County, California; and North Carolina Speedway
near Rockingham, North Carolina.  PMI also holds a 45% interest in
Homestead-Miami Speedway, LLC, near Miami, Florida.  In addition, PMI produces
and markets motorsports-related merchandise and accessories such as apparel,
souvenirs and collectibles through its subsidiary, Motorsports
International Corp.; and a subsidiary of PMI distributes and sells Goodyear
brand racing tires in the Midwest and Southeast regions of the United States.
    Penske Motorsports' major shareholder is a majority-owned subsidiary of
Penske Corporation, a closely-held, diversified transportation services
company which conducts its business through a number of wholly or
partially-owned companies, including Penske Truck Leasing Company, Detroit
Diesel Corporation, Diesel Technology Company, Penske Automotive Group, Inc.,
Penske Auto Centers, Inc., and Penske Capital Partners.  The Penske group of
businesses has annual revenues exceeding $6 billion and employs more than
28,000 around the world.