Nov 20, 2012 8:59 AM CST
Nov 20, 2012 10:55 AM CST
The Indianapolis Motor Speedway announced changes at the top of its parent company, Hulman & Co.
Mark Miles, who was chairman of the Super Bowl Host Committee this year, will take over as CEO. Miles is an Indianapolis native.
Miles is also the president and CEO at Central Indiana Corporate Partnership, and director at BioCrossroads. Before that, he was responsible for Eli Lilly's local, state, and national governmental affairs. He was the president of the organizing committee for the Pan Am Games in Indianapolis in 1987, and he's been involved in several volunteer efforts in the community.
"I'm thrilled for Mark, who has been chosen to lead Hulman and Company. He loves this community and I know this opportunity is extremely special to him. I'm also excited for this Indiana-based company. Mark is a great choice. He is a truly innovative leader whose vision has impacted Super Bowl XLVI, the ATP Tour and countless other initiatives in remarkable ways. Today is a banner day for our friends on 16th Street," said Allison Melangton, Indiana Sports Corp President and formerly the President and CEO of the 2012 Indianapolis Super Bowl Host Committee.
The move comes after Tony George resigned from the board a month ago. According to a proposal, George was trying to bring in new management to replace the current board when he attempted to purchase IndyCar in October. IndyCar CEO Randy Bernard resigned nine days after George. Jeff Belskus, President and CEO of series owner Hulman & Co., served as interim CEO.
George resigned as IMS president in 2009 after being urged to step down by the family-dominated board amid charges that he had spent too much money on track renovations and keeping the IRL afloat. Construction for a road course, new press tower and new Pagoda cost about $100 million.