"Jay Frye's resume is perfectly aligned with our organization's strategic vision," said Miles. "He has both series and team experience, having successfully transformed and led Red Bull Racing and MB2 Motorsports before joining Hulman Motorsports. As our new President of Competition and Operations, he is ready to ensure the Verizon IndyCar Series continues to present great racing."
The naming a new President wasn't the only move announced today. Rod Davis, formerly of the Indiana Sports Corporation and USA Gymnastics, was hired on to fill the vacated seat of Frye as Chief Revenue Officer. According to the INDYCAR press release, Davis has worked with and represented major organizations like Panasonic, Coca-Cola, John Hancock, Visa, Adidas, University of Notre Dame, Dale Earnhardt Inc, USA Track & Field and the NCAA.
"As our new Chief Revenue Officer, Rod Davis will successfully execute sponsorship deals already in the pipeline and find new partnerships to increase revenue and market share," said Miles. "His proven ability to build mutually beneficial relationships with leading Fortune 500 companies will pay dividends for both IMS and the Verizon IndyCar Series."
The 2016 Verizon IndyCar Series season kicks off in just over 4 months on March 13th.