The Circuit of the Americas near Austin, Texas, has apparently lost one of its longest-tenured, most experience executives with the recent departure of Bruce Knox, executive vice-president of COTA.
The circumstances could not be confirmed. “Per company policy,” said Julie Loignon, vice president of COTA's public and media relations, “we can't comment on personnel matters.”
Knox's history with COTA began in 2010, long before ground was broken for the road course, making him easily one of the facility's longest-tenured employees. He was installed into the project by minor investor Red McCombs, the mercurial 86-year-old San Antonio magnate who has owned Clear Channel Communications, multiple auto dealerships, the Minnesota Vikings, the Denver Nuggets and San Antonio Spurs sports teams.
McCombs controls McCombs Enterprises, where Knox worked. In 2011, Knox was President and CEO of Formula One United States, charged with bringing the F1 race to COTA. Once that was on track, Knox remained with COTA as its executive vice-president.
Knox was one of the few COTA executives with any experience in the automotive realm: Previously, he was CEO and director of Interactive Remarketing, a company he co-founded and grew to become the largest seller on eBay Motors, managing asset portfolio liquidation for clients such as Bank of America, HSBC, Capital One, Wells Fargo, Americredit and National City. The company was acquired by McCombs Partners in 2005. His association with eBay Inc. began in 1999 when eBay acquired his company.
Subsequently, Knox served as chief operating officer and chief marketing officer of an eBay subsidiary from 1999-2003. The entity served as the foundation for eBay Motors and quickly evolved to become the world's largest online automotive marketplace. In addition to assisting in the launch of the eBay Motors platform, Knox was also charged with running a national series of vintage car auctions that formed the world's largest vintage car auction company.