Walker will chair the committee which will also comprise Honda's Roger Griffiths and his Chevrolet counterpart Chris Berube, as well as Dallara's head of R&D Andrea Toso and Firestone's Dale Harrigle.
Dario Franchitti and Ryan Hunter-Reay will be the driver representatives, and Penske Racing president Tim Cindric and Bryan Herta Autosport's Bryan Herta will represent the team owners. Rounding off the committee will be IndyCar's senior vice-president of operations Brian Barnhart, and vice president of technology Will Phillips.
Walker also said that it was is job to ensure that IndyCar as once again setting the pace in innovation and raw speed in motor racing.
"In a way, we're going back to the future," he said. "Indy cars have always been about innovation and speed, and our goal is to open the door for that again. We'll start with our current car platform and give our teams and suppliers more ability to affect how they race. We always have to be mindful of costs, but that doesn't mean we can't manage improvements to create more exciting racing and at the same time do it safely."
Speed records at Indianapolis have remained static since Arie Luyendyk set the current benchmark of 237.498mph in qualifying 17 years ago.
"By managing improvements in certain components, speeds will gradually increase, and we could break the Indianapolis Motor Speedway track record by our 100th running in 2016," added Miles.
Earlier in the day, former IndyCar driver Alex Zanardi received a special presentation on the front stretch of the Indianapolis Motor Speedway on the world-famous yard of bricks at the start-finish straight. (See separate story
His former team boss Chip Ganassi gave Zanardi the Reynard 96I/Honda Indy car in which the Italian won the final race of the 1996 season at Mazda Raceway Laguna Seca after pulling off a risky move on race leader Bryan Herta.
"It was a very special moment and special because it happened at Indy after such a long time since I joined this environment," said Zanardi, who went on to win CART titles in 1997 and '98. "The car does not have an engine so what I can do is sit in it and struggle with my fantasies of the days driving.
"When you accomplish something that is very special, it will stay forever," he added. "I can't more than three steps before I get recognized and stopped by somebody and welcomed and cheered by fans. It's fantastic. I just came here to enjoy a great race Sunday."
Double-header qualifying format set