Josef Newgarden will remain with CFH Racing for a fifth season in 2016, the team confirmed on Thursday.

Newgarden's IndyCar career started in 2012 with what was then Sarah Fisher Hartman Racing (SFHR) one year after he claimed the Firestone Indy Lights title. When SFHR merged with Ed Carpenter Racing prior to the 2015 season to form CFH Racing, Newgarden remained the team's full-time driver.

"I am very excited to be back at CFH Racing," said Newgarden. "It all really comes down to the confidence and belief that our owners Ed Carpenter, Sarah Fisher, Wink Hartman, Stuart Reed and Tony George have in me.

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"They've given me all of the tools I could ask for to drive a race car and to be successful. It's easy to be excited about coming back to work with this group knowing the level that we are operating at.

"I can see the capabilities that we have and I think we are going to be able to fully execute in 2016."

The 24-year-old has 67 starts under his belt in the Verizon IndyCar Series and enjoyed his best season to date in 2015, with his breakthrough first win coming in only the fourth race of the year with a dominating performance at Barber Motorsports Park.

His second win came seven races later when he beat teammate Luca Filippi to the chequered flag in the streets of Toronto, leading CFH Racing to its first ever one-two finish. Two other podium results followed with second place finishes at Iowa Speedway and Pocono Raceway.

Newgarden also took his first career pole position at the Milwaukee Mile and started on the front row of the season finale at Sonoma Raceway. Heading into the final race of the year, Newgarden was one of six drivers that remained eligible for the Verizon IndyCar Series championship.

"It is with great pride that our team will support Josef behind the wheel of the 67 car in 2016," said CFH Racing co-owner Sarah Fisher. "I'm certainly encouraged to see the energy, enthusiasm and dedication that Ed and our partners have given to the 67 car program to make this happen. I am looking forward to a second year of racing at a championship level!"

"It was great to finalize a deal with Josef to keep him with CFH Racing for 2016. Just as he was a priority to sign before this past season, he was a priority for us again this year," stated team co-owner and driver Carpenter.

"We are focused on becoming a force in the Verizon IndyCar Series and we see Josef being a large part of that. It is our intention to have him in a CFH car for a long time."

"CFH is excited for the 2016 Verizon IndyCar Season to begin and to continue our on track success with Josef in the seat,' added Wink Hartman. "Josef will be on the podium multiple times next year and I know he will challenge for the series championship."