Verizon IndyCar Series

Randy Bernard Out As IndyCar CEO

Randy Bernard talks to the media in St. Petersburg, Fla., in March of this year. Bernard has been removed from his post as CEO of IndyCar, effective immediately. (Photo Courtesy IZOD IndyCar Series)

INDIANAPOLIS — The board of directors of the Indianapolis Motor Speedway Corporation convened a special meeting Sunday and Randy Bernard has relinquished his position as CEO of IndyCar.

Indianapolis Motor Speedway Corp. President and CEO Jeff Belskus was appointed as interim CEO of IndyCar.

“We are very grateful for the tireless effort that Randy has invested into learning, understanding and working to grow the IndyCar Series over the last three racing seasons,” Belskus said. “As both Randy and our organization have reflected on the past season and as we look toward the opportunities ahead and how to best take advantage of them, we agreed that the timing was right to pursue separate paths.”

Bernard, who joined IndyCar in March 2010, said he believed he is leaving IndyCar in a better position than when he arrived.

“I have enjoyed the opportunity to work with the entire IndyCar community, its teams, drivers, loyal partners and fans,” Bernard said. “The last three years have produced some exciting, and some difficult, times. But we have created a foundation for IndyCar that positions it to grow over the next several years, and I am proud of what everyone at IndyCar has been able to accomplish since I came on board.”

Bernard was also grateful for the support of the Hulman-George family during his tenure.

“I want to thank the Hulman-George family, especially Josie (George), for giving me the opportunity and privilege to work with the organization and to help set a course and direction for IndyCar,” Bernard said. “With the family’s firm commitment to the betterment of the sport and the dedication of our teams, drivers, partners and fans, IndyCar is better poised for success than it has been in many years.”

Belskus credited Bernard with successfully navigating IndyCar through a challenging and important time period that included the development and rollout of the first new chassis rules in nine years and the introduction of a new engine platform and multiple engine manufactures after six years of a single-supplier format.

Belskus added that Bernard would still provide input into the overall operation of IndyCar through an ongoing advisory capacity with IndyCar. Bernard said he was looking forward to staying involved.

“I have developed a passion for the sport of IndyCar, and I look forward to being involved at a strategic level as an advisor to the IndyCar leadership,” Bernard said. “As IndyCar fans, we need to unify behind the sport in order to move it to the next level, and I look forward to providing input and being part of that unified voice along the way.”

The move comes in the wake of Bernard being openly criticized by team owners during the season and IndyCar founder and former CEO Tony George having expressed interest in acquiring the sanctioning body to the extent that he resigned his position on the board of directors of Hulman & Company, which owns IMS and IndyCar.

Belskus, who served as CEO of IndyCar from July 2009 through February 2010, will continue in his current roles in addition to being named interim CEO of IndyCar. Belskus said a specific timeline had not been established for announcing a permanent replacement, but added that future IndyCar leadership structure will be addressed as part of a current strategic planning process that includes assistance from global business management firm The Boston Consulting Group and would incorporate consultation with IndyCar stakeholders.

“The organization is full of talented professionals, and we will continue to prepare for what will be a very exciting 2013 racing season,” Belskus said. “Once again, IndyCar is not for sale, and the organization remains completely committed to owning and operating IndyCar.”

Posted by on Oct 28 2012 Filed under Featured, 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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