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Hulman & Company Expands Board

Hulman & Company, which owns Indianapolis Motor Speedway, has expanded its board of directors. (IMS photo)

TERRE HAUTE, Ind. — Hulman & Company, which owns Indianapolis Motor Speedway among other holdings, has expanded its board of directors with the appointment of four successful, visionary business leaders.

John F. Ackerman, Jeffrey G. Belskus, Mark D. Miles and James T. Morris have accepted their respective appointments, expanding the board from eight to 11 members. Hulman & Company appointed three new directors Feb. 17, 2011 to expand its board from five to eight members, but a board vacancy was created with the death of Jerry Throgmartin on Jan. 22, 2012.

“Our experience in the last year with an expanded board has brought about significant new opportunity and has been beneficial in taking advantage of growth opportunities for our family of companies,” Hulman & Company Chairman of the Board Mari Hulman George said. “We are pleased to welcome John, Jeff, Mark and Jim to the board. We look forward to their contributions as they use their extensive experience in business, sports and civic activities to help guide and ensure the success of Hulman & Company.”

Other than Belskus who remains as president and CEO, the new board members will have no day-to-day management duties with Hulman & Company, and there is no change in the current management structure of the company. The board members will be assigned to advisory committees tasked with overseeing various aspects of the business to assist in establishing best practices, identifying opportunities to increase efficiency, approving policies and strategies, and providing general oversight.

Current composition of the Hulman & Company board is Mari Hulman George, Nancy L. George, M. Josephine George, Katherine M. George-Conforti, Anton H. George, Andre B. Lacy, Michael L. Smith, Ackerman, Belskus, Miles and Morris.

Hulman & Company’s holdings include Clabber Girl Corporation, Indianapolis Motor Speedway Corporation and its affiliated companies including the Indianapolis Motor Speedway, LLC, IndyCar, IMS Productions and IndyCar Entertainment.

Ackerman is the co-founder and managing director of Cardinal Equity Partners, a private investment firm established in 1993. Ackerman serves as chairman of New Aqua LLC, and Williams Sound Corporation, and is a board member of Cardinal Golf LLC, MotionTech Automation and Guardian Pharmacy LLC, all of which are current portfolio companies.

Belskus is the president and CEO of Hulman & Company and the Indianapolis Motor Speedway Corporation. Belskus has served as an IMS executive for nearly 25 years and has led the Indianapolis Motor Speedway Corporation as president and chief executive officer since July 2009. Belskus is responsible for the overall leadership of the Hulman & Company operations and its several business units, including the Indianapolis Motor Speedway, IMS Productions, INDYCAR, Clabber Girl and other holdings.

Miles is the president and CEO of the Central Indiana Corporate Partnership, Inc. (CIPC), a regional coalition of the CEOs of Central Indiana’s most significant employers and leaders of universities with substantial research operations focused on long-term growth and economic development throughout the Central Indiana region. In addition to his duties at CIPC, Miles most recently served as chairman of the board for the 2012 Super Bowl Host Committee and oversaw the execution of the 2012 Super Bowl hosted by Indianapolis.

Morris is the president of Pacers Sports Entertainment, parent company of the Indiana Pacers NBA franchise, the Indiana Fever WNBA franchise, Bankers Life Fieldhouse and the Pacers Foundation.

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Posted by on Mar 8 2012 Filed under IndyCar, Latest Headlines, Top Stories, Verizon IndyCar Series. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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