The National Association for Stock Car Auto Racing (NASCAR) is a family-owned and -operated business venture that sanctions and governs multiple auto-racing sports events. Bill France, Sr. founded NASCAR in 1948; his grandson Brian France became the CEO in 2003. NASCAR is motorsport's preeminent stock-car racing organization. The three largest racing-series sanctioned by this company are the Sprint Cup Series, the Xfinity Series, and the Camping World Truck Series.