COTA announces new Chief Executive Circuit of The Americas announced on Tuesday that Steve Sexton is departing as its chief executive officer. Jason Dial, company president, will assume the role of CEO. The circuit said the move followed "a carefully planned transition period."
"This was a tough decision for me to make, but the timing is right," Sexton said. “Our team's accomplishments in the last three years have been remarkable, and I am very proud and privileged to have worked with a group of experienced and dedicated individuals, who've proven time and again that nothing is impossible. Our just-completed Formula 1 United States Grand Prix is further evidence of the exceptional experience that the COTA can deliver. And to see the way that the City of Austin, Travis County and the State of Texas have embraced our accomplishments is incredibly rewarding.
"We've done a considerable amount of heavy lifting the past few years, and the time is right for me to pass the executive torch to Jason Dial, who is well positioned to lead COTA into its next chapter. The enormous effort required to build and launch an internationally renowned company in a matter of months has left little time for anything but work. I'm looking forward to taking a break and spending time with my family who sacrificed a lot while we were fully focused on opening the circuit and putting COTA on a path for long-term success. I am so proud of the team we've assembled and the impact they've had in a short amount of time. Big things are on the horizon for Circuit of The Americas, and I am thrilled to have been here to start the COTA story."
COTA chairman Bobby Epstein added, "Our investors, friends, and community are grateful for Steve's tremendous accomplishments. He has led us from our beginning and has helped create a vibrant, multi-dimensional company. While building a first-class roster of professionals, he tirelessly navigated us through rough waters and successfully gave COTA a solid foundation. We wish Steve the very best as he takes a well-deserved break and know that his futures endeavors will likewise be great."
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