BREAKING: George out as CEO of Hulman companies-WEB ONLY

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Directors of Hulman & Co. and the Indianapolis Motor Speedway this afternoon announced that a new management team comprised of veteran IMS executives W. Curtis Brighton and Jeffrey G. Belskus will head the Hulman-George companies effective July 1.

Brighton, currently executive vice president and chief legal counsel, will become president and CEO of Hulman & Co. Belskus, currently executive vice president and chief financial officer for the companies, will become president and CEO of Indianapolis Motor Speedway Corp.

They will replace Tony George, who will remain a board member of the Hulman-George companies.

“Our board had asked Tony to structure our executive staff to create efficiencies in our business structure and to concentrate his leadership efforts in the Indy Racing League,” Mari Hulman George, IMS chairwoman, said in a statement. The statement did not specify whether he will be the top executive of the IRL.

The statement continued: “(Tony) has decided that with the recent unification of open-wheel racing and the experienced management team IMS has cultivated over the years, now would be the time for him to concentrate on his team ownership of Vision Racing with his family and other personal business interests he and his family share.

“Tony will remain on the board of directors of all of our companies, and he will continue to work with the entire board to advance the interests of all of companies.

“Our family and the entire racing community are grateful to Tony for the leadership and direction he has provided since 1990,” Mrs. George said. “We are pleased that he will continue to be an important part of the Indy Racing League as a team owner and as a member of our Board of Directors, and we wish him every success.”

This story will be updated.

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