P1racenews AI automatic summary:
Parella Motorsports Holdings has announced the appointment of Lee Giannone to the role of Chief Executive Officer. Tony Parella, the founder and visionary who created Parella Motorsports and has be…
Parella Motorsports Holdings has named Lee Giannone as its new Chief Executive Officer, succeeding founder Tony Parella. Giannone brings a wealth of experience in finance, motorsports consulting, and strategic business development to his new role. The company owns and operates a variety of motorsports properties, including the Sportscar Vintage Racing Association and the Trans Am Series presented by Pirelli.
PMH hosts over 25 high-profile motorsports events across the United States annually, attracting a large number of fans and participants. Amidst its diverse portfolio, PMH operates events at iconic race circuits such as Indianapolis Motor Speedway, Circuit of The Americas, and Watkins Glen International. Velocity Capital Management acquired PMH in 2023, signaling a new chapter for the company’s growth and strategic development.
Tony Parella expressed his gratitude for the partnership and welcomed Giannone to the organization, highlighting the commitment to driving dynamic experiences in the motorsports world. Giannone, in turn, acknowledged Parella’s vision and leadership, recognizing the strong foundation he has built for Parella Motorsports Holdings.
