Exploring the Power Players of Finance and Motorsport: An Interview with Rick Wagers and Joey Hand
The worlds of finance and motorsports have a lot in common, and it's thanks to professionals such as Rick Wagers and Joey Hand that these two worlds intertwine. We had the chance to sit down with both power players and discuss their respective roles and the importance of financial planning in the racing world.
A Conversation with Rick Wagers
Rocking a career in finance and motorsports, Rick Wagers is the Chief Financial Officer (CFO) of Rick Ware Racing. Currently, Rick and his team are gearing up for the NASCAR Playoff race. We sat down with Rick to discuss the life of a CFO and what financial planning for a racing team entails.
Q: What role does a CFO play in a racing team?
A: As CFO, my primary role is to ensure that the team is abiding by all NASCAR rules and regulations. Additionally, I’m responsible for managing the team's financial decisions and helping make sure that we're financially secure. As a racer, I understand the importance of having financial stability, and as CFO, my job is to make sure we stay in the black.
Q: Working in two very different industries, how do you find the overlap between finance and racing?
A: My work in finance has helped me tremendously in the racing world. Financial planning is necessary at any company, and it’s no different for a racing team. We rely heavily on sponsorships and money allotted to us by NASCAR to keep the team running. This means that I must be adept at creating a budget, while also understanding how to allocate funds to create a safe and successful racing operation.
Joey Hand: A Racing Icon Joins Rick Ware Racing
Recently, Rick Ware Racing made headlines when they announced that racing legend Joey Hand would join them for the NASCAR Playoff race. We had the chance to sit down with Joey to talk about his goals for the race and how he will use his expertise to make the team successful.
Q: What motivated you to join Rick Ware Racing?
A: For many years I’ve wanted to race in the NASCAR Playoffs, and I believe the team at Rick Ware Racing gives me the best chance to succeed. There’s so much talent on the team, and I know that working together we can make a great showing at the race. I also have the utmost respect for Rick as a racer and as a CFO. I’m excited to learn from his expertise.
Q: What have you been doing to prepare for the race?
A: I’ve been on a rigorous training program for the last few months in order to get into peak physical condition. I’ve also taken the time to get to know each person on the team so that we can work together more effectively. With the help of Rick and the other members of Rick Ware Racing, I know we can make this race a success.
Needless to say, Rick Wagers and Joey Hand are two power players in the world of finance and motorsports. Their combination of skillsets and experience has brought them tremendous success in the past, and now they’re joining forces to make their mark in the NASCAR Playoffs. We wish them both luck in the race!
Frequently Asked Questions
What is a CFO?
A Chief Financial Officer, or CFO, is a senior executive responsible for managing the financial decisions of an organization or company. The CFO is responsible for helping the team stay within budget and create a secure financial environment.
What does it take to be a successful racer?
It takes dedication, skill, and physical fitness to be a successful racer. Additionally, it’s important to have a good understanding of the rules, regulations, and financial planning of racing.
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