Dover Motorsports, Inc. Announces Election of Richard K. Struthers as a Director
April 27 2011 - 4:19PM
Business Wire
Dover Motorsports, Inc. (NYSE: DVD) announced today the addition
of an independent director to its Board of Directors. Richard K.
Struthers was elected at the Company’s annual meeting of
stockholders held this morning at the Dover Downs Hotel &
Casino in Dover, Delaware. Existing Board members standing for
re-election were also re-elected at the meeting.
Mr. Struthers brings to the Dover Board a wealth of knowledge
and experience from his tenure with Bank of America and MBNA
America Bank.
Mr. Struthers is past President of Bank of America Global Card
Services and was a member of the Bank’s Executive Management Team.
He oversaw the world’s largest credit card portfolio with
operations in the United States, Canada and Europe and also led the
company’s unsecured lending and international card businesses. In
total, he was responsible for more than $200 billion in managed
loans. He retired in April of 2010.
Mr. Struthers joined Bank of America in January 2006 after
serving as Executive Vice-Chairman of MBNA America Bank. Mr.
Struthers was a founding member of the management team that
established MBNA in 1982 and has more than 31 years of management
experience in consumer lending.
Henry B. Tippie, Chairman of Dover, stated, “Ric is a tremendous
addition to our Board. He is well known and well respected in the
community, has a deep understanding of all matters financial, and
will be a great resource for us both in terms of the insights he
will bring to our Board and the extensive contacts that he has
developed in the business community.”
Denis McGlynn, President of Dover, stated, “I have known and
worked with Ric for many years and am delighted to welcome someone
of his stature to our Board. I look forward to continuing our
relationship and expect that Ric will make a significant
contribution to our organization.”
Mr. Struthers has a Bachelor of Science degree in business
administration from Penn State and is also a graduate of the Retail
School of Banking at the University of Virginia.
This release contains or may contain forward-looking statements
based on management’s beliefs and assumptions. Such statements are
subject to various risks and uncertainties which could cause
results to vary materially. Please refer to the Company’s SEC
filings for a discussion of such factors.
Dover Motorsports, Inc. is a leading promoter of motorsports
events in the United States. Its motorsports subsidiaries operate
two motorsports tracks in two states and promote NASCAR sanctioned
and other motorsports events. The Company owns and operates Dover
International Speedway in Dover, Delaware and Nashville
Superspeedway near Nashville, Tennessee. For further information,
log on to www.dovermotorsports.com.
Dover Motorsports (NYSE:DVD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Dover Motorsports (NYSE:DVD)
Historical Stock Chart
From Sep 2023 to Sep 2024