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IndyCar
BREAKING: Belskus To Remain IndyCar CEO, Miles To Lead Hulman & Co
Jeff Belskus is the new CEO of the IZOD IndyCar Series and Mark Miles will take over as CEO of Hulman & Company.
Jeff Belskus has had the "interim" tag removed from his role as CEO. (Photo: IndyCar Series)
For the first time in the 162-year history of Hulman & Company, someone outside of the immediate “family” will be calling the shots.
As predicted two weeks ago on SPEED, Mark Miles was announced as the new CEO of the holding company that controls the Indianapolis 500 and IndyCar series.
And, as expected, Jeff Belskus will continue to be Randy Bernard’s replacement as CEO of IndyCar in addition to remaining president and CEO of the Indianapolis Motor Speedway Corporation and president of Hulman & Company.
Miles, an Indianapolis native who helped organize the 1987 Pan-Am Games in Indianapolis before chairing the city’s ultra-successful Super Bowl last February, is now in charge of the legendary company that has the Speedway, IZOD IndyCar series, IMS Productions, Clabber Girl and Georgetown Realty under its umbrella.
The North Central High School grad succeeds IMS savior Tony Hulman, Joe Cloutier, Tony George and Belskus in that role and is the first not directly associated with what is fondly referred to as the Terre Haute Mafia.
“I feel like my professional experiences have prepared me for trying to help lead Hulman & Company,” said Miles, who also ran the ATP world tennis tour for 15 years. “I will not be the hands-on, day-to-day management of the motorsports business but I believe I can help.
“I’ve got to get out and meet the stakeholders and understand the thinking and the economics from all perspectives for IndyCar and for all our businesses.”
Belskus, who was the college roommate of George at Indiana State University and named chief financial officer of Hulman & Company in 1989, replaced his friend as president and CEO of Hulman & Company in 2009 in addition to taking those same roles at IndyCar.
Bernard, who took the Pro Bull Riders’ circuit from grass roots to a multi-million dollar enterprise, was recruited by IMS board member Josie George and accepted the IndyCar reigns in 2010. He delivered a new Dallara chassis, a new engine (GM) to join Honda and one of the most competitive seasons in 2012 and had just announced the 2013 schedule when he was removed on Oct. 28 with two years remaining on his contract.
No reason has ever been given for Bernard’s departure and one wasn’t provided Tuesday morning in the hastily-assembled press conference.
As predicted two weeks ago on SPEED, Mark Miles was announced as the new CEO of the holding company that controls the Indianapolis 500 and IndyCar series.
And, as expected, Jeff Belskus will continue to be Randy Bernard’s replacement as CEO of IndyCar in addition to remaining president and CEO of the Indianapolis Motor Speedway Corporation and president of Hulman & Company.
Miles, an Indianapolis native who helped organize the 1987 Pan-Am Games in Indianapolis before chairing the city’s ultra-successful Super Bowl last February, is now in charge of the legendary company that has the Speedway, IZOD IndyCar series, IMS Productions, Clabber Girl and Georgetown Realty under its umbrella.
The North Central High School grad succeeds IMS savior Tony Hulman, Joe Cloutier, Tony George and Belskus in that role and is the first not directly associated with what is fondly referred to as the Terre Haute Mafia.
“I feel like my professional experiences have prepared me for trying to help lead Hulman & Company,” said Miles, who also ran the ATP world tennis tour for 15 years. “I will not be the hands-on, day-to-day management of the motorsports business but I believe I can help.
“I’ve got to get out and meet the stakeholders and understand the thinking and the economics from all perspectives for IndyCar and for all our businesses.”
Belskus, who was the college roommate of George at Indiana State University and named chief financial officer of Hulman & Company in 1989, replaced his friend as president and CEO of Hulman & Company in 2009 in addition to taking those same roles at IndyCar.
Bernard, who took the Pro Bull Riders’ circuit from grass roots to a multi-million dollar enterprise, was recruited by IMS board member Josie George and accepted the IndyCar reigns in 2010. He delivered a new Dallara chassis, a new engine (GM) to join Honda and one of the most competitive seasons in 2012 and had just announced the 2013 schedule when he was removed on Oct. 28 with two years remaining on his contract.
No reason has ever been given for Bernard’s departure and one wasn’t provided Tuesday morning in the hastily-assembled press conference.
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