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| Tony George |
The board of directors of Hulman & Company accepted the resignation of Anton H. "Tony" George from the board today, effective immediately.
Hulman & Company's current holdings include the Indianapolis Motor Speedway Corporation and its affiliated companies, including Indianapolis Motor Speedway, LLC, INDYCAR, IMS Productions and INDYCAR Entertainment, and the company’s president and CEO, Jeff Belskus, said a conflict of interest made George’s resignation imperative.
“Tony George has made the difficult decision to resign from the board because of his involvement with a group that has recently expressed an interest in purchasing the Hulman & Company-owned INDYCAR organization," said Belskus. "While the business is not for sale and no offers to sell it have been considered or are being considered, we applaud Tony's efforts to resolve the appearance of a conflict and appreciate the gravity of this decision."
George served as president of the Indianapolis Motor Speedway from 1990-2004 and as IMS’ chief executive officer from 1990-2009. He also served as CEO of INDYCAR from 1994-2009 and previously served as president of Hulman & Company.
"I realize that my recent efforts to explore the possibility of acquiring INDYCAR represent the appearance of a conflict, and it is in everyone's best interest that I resign from the Hulman & Company board," George said. "It goes without saying that I want to do what is best for this organization."
Belskus indicated there is no immediate plan to fill the vacancy left by George's resignation and thanked George on behalf of the entire Hulman & Company board.
"Tony has been involved with our businesses for many years and has contributed significantly through his leadership role with IMS and INDYCAR and as a member of this board," Belskus said. "We wish Tony much success in the future."
"I realize that my recent efforts to explore the possibility of acquiring INDYCAR represent the appearance of a conflict, and it is in everyone's best interest that I resign from the Hulman & Company board," George said. "It goes without saying that I want to do what is best for this organization."
Belskus indicated there is no immediate plan to fill the vacancy left by George's resignation and thanked George on behalf of the entire Hulman & Company board.
"Tony has been involved with our businesses for many years and has contributed significantly through his leadership role with IMS and INDYCAR and as a member of this board," Belskus said. "We wish Tony much success in the future."
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