Monday, October 29, 2012

Bernard Resigns As CEO of INDYCAR

Bernard out as IndyCar CEO
Randy Bernard has stepped down as CEO of INDYCAR, effective immediately. 

The board of directors of the Indianapolis Motor Speedway Corporation convened a special meeting Sunday to accept Bernard’s resignation, and appoint Indianapolis Motor Speedway Corporation President and CEO Jeff Belskus as interim CEO of INDYCAR.

"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 organization 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."

Bernard, who joined INDYCAR in March 2010, said he is leaving INDYCAR in a better position than when he arrived.

"I have enjoyed the opportunity to work with the entire INDYCAR community, its teams, drivers, loyal partners and fans," Bernard said. "The last three years have produced some exciting, and some difficult, times. But we have created a foundation for INDYCAR that positions it to grow over the next several years, and I am proud of what everyone at INDYCAR has been able to accomplish since I came on board."

Bernard was also grateful for the support of the Hulman-George family during his tenure.

"I want to thank the Hulman-George family, especially Josie (George), for giving me the opportunity and privilege to work with the organization and to help set a course and direction for INDYCAR," Bernard said. "With the family's firm commitment to the betterment of the sport and the dedication of our teams, drivers, partners and fans, INDYCAR is better poised for success than it has been in many years."

Belskus credited Bernard with successfully navigating INDYCAR through a challenging and important time period that included the development and rollout of the first new chassis rules in nine years and the introduction of a new engine platform and multiple engine manufactures after six years of a single-supplier format.

Belskus added that Bernard would still provide input into the overall operation of INDYCAR through an ongoing advisory capacity with INDYCAR. Bernard said he was looking forward to staying involved.

"I have developed a passion for the sport of INDYCAR, and I look forward to being involved at a strategic level as an advisor to the INDYCAR leadership," Bernard said. "As INDYCAR fans, we need to unify behind the sport in order to move it to the next level, and I look forward to providing input and being part of that unified voice along the way."

Belskus, who served as CEO of INDYCAR from July 2009 through February 2010, will continue in his current roles in addition to being named interim CEO of INDYCAR. Belskus said a specific timeline had not been established for announcing a permanent replacement, but added that future INDYCAR leadership structure will be addressed as part of a current strategic planning process that includes assistance from global business management firm The Boston Consulting Group and would incorporate consultation with INDYCAR stakeholders.

"The organization is full of talented professionals, and we will continue to prepare for what will be a very exciting 2013 racing season," Belskus said. "Once again, INDYCAR is not for sale, and the organization remains completely committed to owning and operating INDYCAR."
Photo: Carlos Osorio/Associated Press


  1. Anonymous12:35 PM

    As a 4 decade Indy fan there is nothing positive, nice or polite I can say about what the Hulman Co board did Sunday.
    The sole reason I'm a race fan is growing up watching The 500 Mile Race.
    Next May will again find me in Turn 3, though only because I've already committed to 2 tickets.
    The odds of me being there in 2014? Well the Bengals have better odds of winning the Super Bowl than that occurring.

    Robert Y

    1. Was Bernard really that good? The series is in no better shape now than when he came on board. It may not be all his fault, but it doesn't look like much of a series now.

      Get it back to what it has to be - a retro-tech series where the cars are more about the draft than about handling or technology. Get back the bulkier bodies and the Hanford air-displacement rail, drop the horsepower, get back onto the intermediate and big ovals (Pocono next year is a nice start), and work more to get American short trackers into Indycars and KEEP THEM THERE - no more Tony Stewart/Sam Hornish/Kasey Kahne drivers who either never go to Indycar or go there then leave.

  2. I'd say Bernard was that good.

    He was looking out for the best interest of the series and fans, while at the same time trying to build a foundation of support thru sponsors and manufacturers.

    He had the series going in a much better direction than either the car owners who threw him out, or Tony George ever could hope for.

    Maybe this time the car owners will kill off Indy cars for good.