Brian France Profession: Chief Executive Officer/NASCAR

NASCAR's been a family-owned business since its inception -- and the leadership of that business was handed down to the next generation. Brian France, grandson of the founder and son of the current chairman, was been named chairman of the board and chief executive officer of NASCAR.

Bill France Jr., the outgoing president and CEO, remained with NASCAR as a vice chairman, along with Bill's younger brother, Jim.

Brian France has an extensive background in racing. He helped develop and manage the Weekly and Touring Series divisions and launch the Craftsman Truck Series.

He took over NASCAR's marketing responsibilities in 1994 and opened NASCAR's New York office in 1997. He was also one of the key proponents of NASCAR's new research and development center and founded NASCAR's diversity council.

"I've been fortunate to spend my entire life in this sport and have worked with some of the giants who made NASCAR what it is today, starting with my father and grandfather," Brian France said.

"NASCAR has always stood for quality. I am proud and honored to lead this great company into the future and build on that tradition of quality."