NASCAR: Richard Childress Racing Statement Regarding Shell-Pennzoil Sponsorship

WELCOME, N.C. (April 21, 2010) -- The following is a statement from Richard Childress, president and chief executive officer of Richard Childress Racing, regarding the announcement by Shell Oil Company that it will end its sponsorship of the No. 29 Shell-Pennzoil Chevrolet at the conclusion of the 2010 NASCAR Sprint Cup Series season:

“Shell and Pennzoil have been great partners with Richard Childress Racing since our first race together, when Kevin Harvick and the No. 29 team won the Daytona 500 in 2007. I’m disappointed that our partnership will conclude at the end of the year but understand some of the reasons that went into their business decision. RCR will continue to provide Shell-Pennzoil the highest caliber program possible, keeping in sharp focus the ultimate goal of winning the 2010 NASCAR Sprint Cup Series championship. What this creates for RCR is the opportunity for a new partner to forge its own relationship and identity with Kevin Harvick and the championship-level team led by crew chief Gil Martin, our other race teams and drivers, and our other 35 partners. The No. 29 team has had only two primary sponsors since it began in 2001 but the number 3 has played a significant role at RCR for decades. We feel strongly that the third chapter of the No. 29 team’s partnership history will be a successful one.”

From RCR