Significant changes signal new approach

Media Statement
Wednesday 1 August 2012

MotorSport Promotions Limited, the body charged with the running and management of the MSNZ Championship race series and summer series events has made significant changes, signalling a changing of the guard and a new approach for the company.

Following on from the appointment of new directors and the adoption of a new trading name, the company wishes to advise the resignations of Kerry Cooper and Martin Fine from the positions they previously held. Kerry and Martin will remain available to wrap up the last financial year and assist with the setup of the company for the coming season as required.

As the motorsport community is aware, the company requires some urgent action and this required the implementation of a new, interim, structure. Shareholder representatives have been advised of these changes in advance of this message.

An interim management team lead by David Dovey will take responsibility for the company's operations. The administration functions of the company will be contracted to MSNZ, supervised by Brian Budd. Amanda Tollemache assumes the role of Event Manager. Brian Lawrence will continue in his role of NZV8 Marketing and also extend this to series marketing.

There has been comment that change was not happening quickly enough, however some interim steps were required to establish the correct position and plot a way forward. There has been comment from some quarters that MSNZ should not be involved in the business. However, given the events of the past seasons and the current state of the company we require administrative and if necessary, some financial back up from MSNZ. MSNZ support will strengthen the company for the future and ensure security of the Gold Star titles.

The company faces a number of challenges, but the team now in place have a genuine commitment to ensure that MotorSport New Zealand's Championship Gold Star series remains positive and in good health.

John Fowke
Chairperson
MotorSport Promotions Ltd

Ends

© Scoop Media