Tuesday, June 30, 2009

Tony George Resigns

In a press release today, It was confirmed that Tony George has stepped down as CEO of the Indianapolis Motor Speedway and Hulman-George Co., but he will however stay on the board.

It's still unclear as to the direction the Hulman-George family will decide to go in terms of Indianapolis Motor Speedway president for the long term, but atleast in the mean time, Jeffrey Belskus will be moving up from the execuitive vice-president and chief financial officer for Hulman and Co., and will become IMS president.

Curtis Brighton will become president and CEO of Hulman and Company after spending several years as executive vice president and chief legal counsel for the company.

Humpy Wheeler has been rumored to be a candidate for the job, but on Wind Tunnel a few weeks ago he said that President of IMS was probably not in his future but he would probably "help out".

"Our board had asked Tony to structure our executive staff to create efficiencies in our business structure and to concentrate his leadership efforts in the Indy Racing League. He has decided that with the recent unification of open-wheel racing and the experienced management team IMS has cultivated over the years, now would be the time for him to concentrate on his team ownership of Vision Racing with his family and other personal business interests he and his family share." -Mary Hulman-George


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