Hendricks County Flyer, Avon, IN

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November 27, 2012

IMS makes right moves

Last week Hulman and Company executives announced some changes in the management of the Indianapolis Motor Speedway and the IZOD IndyCar series.

The Hulman family appointed Mark Miles as CEO of the company, saying he will be responsible for the refinement and implementation of the company’s long-range strategic plan.

Miles has an impressive resume in sports management including the transformation of the ATP from a start-up tennis league to an international leader. He led the Pan American Games in Indianapolis in 1987 and the Super Bowl in 2012.

The addition of Miles, who has served on the board of directors, will hopefully prove to be the right fit to grow the success of the Indianapolis 500 this year and in years to come.

But what was more important was the decision to have Jeff Belskus leave as CEO of Hulman and focus his attention on IMS and IndyCar.

Mari Hulman George, chairman of the IMS and Hulman board of directors, said the racing components of the business are important to the company. Truer words have never been spoken. It’s in the interest of the company and race fans around the world that efforts are made to improve the quality of racing and the interest in open wheel racing.

“By allowing Jeff (Belskus) to focus on the racing business and significantly less on the other business units, we are clearly aligning our executive management team to move the company forward,” Hulman said.

The task in front of Belskus is not an easy one. Earlier this year there was a change at the top of the management team of IndyCar. I have to admit the timing was not the best.

IndyCar is looking for corporate sponsors, team sponsors, and venues that will attract fans to watch the racing.

“We see opportunities to continue the growth of IndyCar, which I view as an exciting challenge,” Belskus said. “My passion is rooted in the Indianapolis Motor Speedway and IndyCar, and I have been energized by the opportunity we have in the short- and long-term for both organizations.”

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