SBD/Morning Buzz

IndyCar CEO Randy Bernard Resigns; Jeff Belskus Named Interim CEO

Izod IndyCar Series CEO Randy Bernard resigned yesterday with two years left on his five-year contract. Bernard’s announcement followed an emergency meeting of the BOD of Indianapolis Motor Speedway (IMS) Corporation, which owns the series. The board named IMS CEO Jeff Belskus interim CEO of IndyCar, but did not set a timeline for finding a permanent replacement. Belskus said that the process for selecting a replacement will be done in consultation with The Boston Consulting Group. Bernard’s resignation came less than three weeks after IMS board member Tony George approached the board about acquiring the Izod IndyCar Series.
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