Jul 2, 2014, 3:03 PM EST
For the first time in the history of Richard Childress Racing, namesake owner Richard Childress will not carry the title of company president.
RCR announced Wednesday that chief operating officer Torrey Galida has been promoted to company president. Childress, meanwhile, will retain his title as chief executive officer, as well as assume a new title of company chairman.
“Since coming on board with us in July 2011, Torrey Galida has been a great asset to RCR,” Childress said in a team media release. “He has helped guide us through many changes for the better and I feel he is the perfect person to continue doing that for our team.”
Childress, who turns 69 in September, insists he’s not retiring or stepping back in the leadership of his namesake company.
“This does not mean I am slowing down in any capacity at RCR,” Childress said. “This just means I am freeing myself up to be involved in other, more strategic aspects of the company to benefit our overall operation and performance.”
Galida came to RCR after stints as general manager for TRG Motorsports, president of Millsport Motorsports, chief marketing officer at Roush Fenway Racing and Ford Motor Company where he held a number of roles including vice president of marketing for Ford of Canada and global motorsports marketing manager for Ford Racing Technology.
“I have an immense amount of respect for Richard Childress and the incredible racing organization he has built,” said Galida, who assumes his new role immediately, according to team officials. “I am honored to have the opportunity to play a key role in the continued success of RCR.”
Galida will oversee day-to-day operations and also serve on the RCR board of directors.
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