Roush Fenway Racing President Geoff Smith is retiring after 20 years with the team, according to SceneDaily.com. He will leave the team at the end of this week.
RFR announced that Steve Newmark will replace Smith at team president. Newmark joined the team earlier this year, as senior vice president of business operations. Prior to that, he served as an attorney with Robinson, Bradshaw, & Hinson.
He will oversee the business operations of RFR, serving as liaison between the team and its ownership board.
Smith was quoted as saying:
The task this organization has before it has never been more difficult. It’s going to take a lot of hard work, but we’ve got the right guy. [Newmark] complements the people we have here and will do a great job.
We are fortunate to have one of the largest sales and marketing teams in the industry, and the caliber of individuals in that group is actually one of the reasons that this opportunity was so appealing to me. That said, as with any leadership transition, there will be certain cultural changes and we do have a number of new initiatives that we intend to pursue, which are primarily designed at enhancing the value of our programs to our partners.
SceneDaily.com also pointed out:
The 2011 season will be an important one for Roush Fenway Racing. The team is seeking full sponsorships for Nationwide Series cars driven by Trevor Bayne and Ricky Stenhouse Jr., and a partial sponsorship for the car driven by Carl Edwards. It also will be working on renewals with its biggest Sprint Cup partners, 3M, Aflac, Crown Royal and UPS.