Jonathan Woodner, who was born in Manhattan, ran the company's Washington interests and was president of the Ian Woodner Family Art Collection Foundation.
Woodner competed in 12 to 15 rally road races annually in Europe.
[5] Woodner was killed in the crash of his Formula One Shoestring on April 24, 1988; he had only flown the plane a handful of times despite being a licensed pilot for more than twenty years.
The wreckage, which was found two miles from the Montgomery County Airpark in Maryland, indicated that the plane went down with a "heavy impact".
[6] The National Transportation Safety Board investigation indicated that "the pilot improperly performing aerobatics without sufficient altitude to complete a recovery.