SBD/Issue 88/Sports Industrialists

Tony George Resigns From BOD Of IMS, All Hulman & Co. Affiliates

George's Resigns From BOD Of IMS
And All Other Hulman & Co. Affiliated Companies
Former IRL and Indianapolis Motor Speedway (IMS) CEO TONY GEORGE has resigned from the BOD of IMS and all other Hulman & Co. affiliated companies, effective immediately. The resignation removes George from any remaining role in Hulman, the IRL, IMS and IMS Productions. George stepped down as CEO of the companies on June 30, 2009. The BOD vacancy will be addressed at a later date (IMS). In Indianapolis, Anthony Schoettle noted George "continues to be involved in the IRL through his ownership of Vision Racing." Meanwhile, George's mother, IMS Chair MARI HULMAN GEORGE, said that she is "very pleased with the direction of the company and the progress that has been made during the last six months" (IBJ.com, 1/19). In Indianapolis, Curt Cavin notes George was "unavailable for comment" yesterday, and he has "not publicly addressed his status since he was forced out of his position" at IMS Corp. in June. In addition to "conflicts with family members," George has "hinted at a strained relationship with" his replacement, IMS Corp. President & CEO JEFF BELSKUS. Belskus said, "I feel bad for Tony; I know he's hurt. But again, that's between him and his family." Meanwhile, Hulman George and Belskus said that IMS and the IRL are "not for sale, although Belskus confirmed there have been multiple inquiries" (INDIANAPOLIS STAR, 1/20).

TUNNEL VISION: SPEEDTV.com's Robin Miller wrote George "seemed content to run his one-car Vision Racing team with step-son ED CARPENTER and has been supportive of the proposed Delta Wing project (a new Indy car for 2012 owned by several IndyCar owners)." But without longtime sponsor JOHN MENARD "on board for 2010, George is scrambling to keep Carpenter on the track." In a team meeting recently George "reportedly told his crew that he hadn't given up and was searching for sponsorship but it was possible the season might only include Indy and a couple of ovals" (SPEEDTV.com, 1/19).

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