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Tony George stands down from Indy board

Tony George to stand down from role on the board of Indianapolis Motor Speedway
Tony George, the founder of the Indy Racing League, has tendered his resignation from the board of the Indianapolis Motor Speedway.

George had remained as a board member despite his term as CEO of the family companies drawing to an end in June last year.

However, George has now elected to sever his ties with the companies with his role within IndyCar now focused on the Vision Racing team.

"As members of his family, we are sorry to see Tony leave," chairperson Mari Hulman George said. "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."

The companies will replace George in the board at a later date.

"Our company is healthy and is weathering the economic recession well," Hulam George continued. "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."

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January 21, 2010 10:13 AM

1 down, 1 to go. Now all we need to do is get him out of the IRL then the healing can begin. As long as he is involved in the IRL, CART/ChampCar fans will never fully embrace it because of all the bad blood. Tony may have brough F1 to the US, but the damage he did to American open wheel racing far overshadowed it. CART in the 90's was the second best series in the world (NASCAR being #1.....ha ha). Tony had the name sake race and still didn't "win the war". He managed to drive both series into mediocrity and remove open wheel from the US landscape. Nice job a hole. He was even kicked out of the family business, useless *****.

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