US GP appoint experienced president 23 February, 2011 Steve Sexton Feb.23 (PVM) Steve Sexton, former President and CEO of Churchill Downs Entertainment and former President of Churchill Downs, has joined the Formula 1 United States management team as President. “Steve brings more than 25 years of major sports and entertainment management experience to our project. He understands our aspirations as an owners group and we have every confidence he will be a tremendous asset to our operation going forward,” said Tavo Hellmund, founding partner and Chairman of the Formula 1 United States Grand Prix. “Bruce Knox provides strong leadership for the Formula 1 United States project and will continue in his executive role. Steve Sexton complements the team and will build upon their success,” stated Red McCombs, founding partner of the Formula 1 United States project, “He is the right man for the job.” “We are creating a world-class business and entertainment destination,” said Bobby Epstein, a founding partner in the Formula 1 project. “Steve’s experience in managing premier events like the Kentucky Derby and Breeders’ Cup positions us to deliver an experience that will become known around the world. I know all of us are excited to be working with him on this monumental project.” Sexton has an impressive CV including: CEO of Churchill Downs Entertainment, President of Arlington Park, Vice President and General Manager at Lone Star Park in Grand Prairie, General Manager of Thistledown in Cleveland and Assistant General Manager at Ladbroke’s Golden Gate Fields in San Francisco. Sexton said of his appointemnt, “This project represents a unique opportunity for the City of Austin and the State of Texas to be the focal point for a world-wide audience. I am very pleased to join the talented team the owners have assembled and am excited to be a part of building a showcase that attracts diverse visitors from around the world and opens new education, innovation and research opportunities to benefit the global community.” Sexton began work with the Formula 1 United States team on Friday, February 18, 2011.