IndyCar »

Official: Randy Bernard exits as series CEO

The CEO of the IZOD IndyCar Series Randy Bernard has resigned from his position following an emergency board meeting of the series owners on Sunday afternoon.
After a week of rumours about his position as the CEO of the IZOD IndyCar Series, Randy Bernard has officially stepped down following an emergency teleconference of the board of directors of the Indianapolis Motor Speedway Corporation on Sunday afternoon.

IMSC president Jeff Belskus will take over as CEO on an interim basis. Previously announced plans for a 19-race season in 2013 will continue uninterrupted.

"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," said Belskus.

"As both Randy and our organisation 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," he added.

A former CEO of the Professional Bull Riders series, Bernard joined IndyCar in March 2010 on a five-year contract and has said repeatedly that he would not leave the series prematurely before the end of that period unless asked to do so by the owners.

However, speculation about his position reached fever pitch on Friday with reports in the Indianapolis Business Journal quoting anonymous "sources familiar with the situation" to assert that Bernard had already been fired by the series owners on Thursday and was currently negotiating a severance package.

The reports were strongly refuted by a IMSC spokesperson on Friday, who said: "Randy has not been terminated and his employment status is the same as it was last week and last month."

Doug Boles had added: "At this point, Randy is not fired. That is the case at the moment and in the future." That future turned out to be a little over 48 hours.

Officially, Sunday's emergency board telemeeting was only called after Friday's IBJ story sparked a media storm that many on the board felt made Bernard's position as CEO untenable and which could only be resolved by a "mutual separation."




Related Pictures

Click on relevant pic to enlarge
Mari Hulman George at Indianapolis. (Photo Credit: Ron Mulqueeney for IndyCar Media)
Tony George, Homestead Open Testing [Pic credit: IndyCar Media]
Indy Racing League. 9-10 May 2008. Indy 500 Practice and Pole day. Indianapolis Motor Speedway. Indianapolis, Indiana. Tony George.
Indianapolis Motor Speedway president Jeff Belskus. (Picture credit: IndyCar Media)
Randy Bernard at the announcement of the GoDaddy.com IndyCar Challenge. [Photo Credit: Jim Haines for IndyCar Media]
Justin Wilson speaks with Oriol Servia in pit lane (Photo by: Jim Haines for IndyCar Media)
Justin Wilson stands in Gasoline Alley at the Indianapolis Motor Speedway during the 2015 Indianapolis 500 (Photo by: Chris Owens for IndyCar Media)
Tony Kanaan chats with teammate Scott Dixon during qualifications for the Iowa Corn Indy 300 at Iowa Speedway (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan and Helio Castroneves set up for Turn 1 during practice for the Iowa Corn 300 at Iowa Speedway (Photo by: Chris Owens for IndyCar Media)
Tony Kanaan sets up for Turn 1 during practice for the Iowa Corn 300 at Iowa Speedway (Photo by: Chris Owens for IndyCar Media)
Tony Kanaan sets up for Turn 3 during practice for the Iowa Corn 300 at Iowa Speedway (Photo by: Chris Owens for IndyCar Media)
Tony Kanaan streaks past the start/finish line during practice for the Iowa Corn 300 at Iowa Speedway (Photo by: Chris Jones for IndyCar Media)
Tony Kanaan, driver of the #10 NTT Data Chip Ganassi Racing Chevrolet IndyCar V6 races to a second-place finish Saturday, June 27, 2015, in the Verizon IndyCar Series race at Auto Club Speedway in Fontana, California.  (Photo by Perry Nelson/LAT for Chevy Racing)
Marco Andretti, Tony Kanaan, and Graham Rahal go three-wide going into Turn 1 during the MAVTV 500 at Auto Club Speedway (Photo by: Chris Jones for IndyCar Media)
The podium of Graham Rahal, Tony Kanaan, and Marco Andretti hoist their trophies on Victory Lane following the MAVTV 500 at Auto Club Speedway in Fontana, California on Saturday, June 27 2015. (Photo by: Chris Jones for IndyCar Media)
The podium of Graham Rahal, Tony Kanaan, and Marco Andretti hoist their trophies on Victory Lane following the MAVTV 500 at Auto Club Speedway in Fontana, California on Saturday, June 27 2015. (Photo by: Richard Dowdy for IndyCar Media)
Scott Dixon, Ed Carpenter, and Tony Kanaan go three-wide during practice for the MAVTV 500 at Auto Club Speedway (Photo by: Richard Dowdy for IndyCar Media)
Scott Dixon, driver of the #9 Energizer Chip Ganassi Racing Chevrolet V6 IndyCar, celebrates his victory with teammate Tony Kanaan Saturday, June 6, 2015, after winning the Verizon IndyCar Series Firestone 600 race at Texas Motor Speedway in Fort Worth, Texas. Canaan, driver of the #10 NTT Data Chip Ganassi Racing Chevrolet finished in second-place. (Photo by Russell LaBounty/LAT for Chevy Racing)

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


johnnymat

October 29, 2012 3:15 PM

It's hard to believe that the board would be foolish enough to take a step backward like this. Roger Penske was quoted as saying you can't manage a business (which is exactly what Indy Car is) by replacing the top manager every few years. 2012 produced the best open wheel racing that the U.S. has seen in many years. An American champion, oval racing where you actually had to drive the car, lot's of passing on road courses and 8 different winners. An extremely short sighted decision.



© 1999 - 2015 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.