Tuesday, January 19, 2010

Tony George Resigns From Board

Just months after stepping down as IMS CEO Tony George has submitted his resignation to the Hulman and Company board of directors. According to the release "His resignation removes George from any remaining role in Hulman & Company, Indianapolis Motor Speedway, Indy Racing League, IMS Productions and other affiliated companies."

The vacancy will be addressed at a later date, but board currently includes:
  • Mari Hulman George
  • Nancy George
  • Josie George
  • Kathi George-Conforti
  • Jack Snyder
According to the release, Tony will still own and operate Vision Racing.

"As members of his family, we are sorry to see Tony leave. We are grateful for his service to our company as a board member and of course for formerly serving as CEO and president of our companies. I speak for our whole family in wishing him well.

All of us had hoped that Tony would continue to serve on the board, and we made that clear to him. We are disappointed with his decision to step down despite our wishes.

Our company is healthy and is weathering the economic recession well. Jeff Belskus, president and CEO of the Indianapolis Motor Speedway, and Curt Brighton, president and CEO of Hulman & Company, are both doing excellent jobs in guiding our companies through this difficult time. Many hard decisions have been made, and now our companies are well positioned for the future." -Mari Hulman George


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