After a career spanning 40 years, Joseph R. Mattioli III will leave Pocono Raceway, the racetrack founded by his father, Dr. Joseph Mattioli.
Mattioli announced today that he is stepping down from the Long Pond, Pa., raceway's Board of Directors and Executive Committee. Since joining Pocono Raceway in 1974, Mattioli has served as president and chief operating officer during his tenure.
Mattioli plans to spend more time working with nonprofit and veterans associations he supports. He also plans to develop Group 341, a consulting business he began in 2011.
Mattioli said the time was right for him to leave the family business "with the track now in the very capable hands of our next generation."
“My nephews, nieces and sons are the future of Pocono Raceway, and I have no doubt they will continue to provide leadership, meet the challenges and guide Pocono Raceway into the future as my Dad’s legacy had always intended,” Mattioli said.
Brandon Igdalsky, Mattioli's nephew and grandson of founder "Doc" Mattioli, is president and chief executive officer of Pocono Raceway. Igdalsky's brother, Nicholas Igdalsky, is chief operating officer and executive vice president, and their sister, Ashley Igdalsky, is secretary/treasurer.
"Doc" Mattioli died Jan. 26, 2012, at the age of 86. In the 1960s, Mattioli used the millions he made from his successful dentistry practice in Philadelphia to transform a spinach farm at Long Pond into Pocono Raceway.
The racetrack hosts two annual Sprint Cup dates a year. The track will host its first IndyCar race this summer after a hiatus of more than 20 years.