IndyCar CEO Randy Bernard resigns

Randy Bernard is out as CEO of the IZOD IndyCar series after resigning Sunday. (QMI Agency)

Randy Bernard is out as CEO of the IZOD IndyCar series after resigning Sunday. (QMI Agency)

DEAN MCNULTY, QMI Agency

, Last Updated: 2:47 AM ET

After fighting off rumours for the past month that he was about to be fired from his job as CEO of the IZOD IndyCar Series, Randy Bernard tendered his resignation on Sunday.

It comes just days after Jeff Belskus and the board of directors at Hulman & Co. — the parent of IndyCar and the Indianapolis Motor Speedway — denied there was any move afoot to terminate Bernard’s contract that had two years left on it.

According to several sources, Bernard will stay on is some consulting capacity.

In a media release late Sunday, Belskus said that the board has appointed him as interim IndyCar CEO.

“We are very grateful for the tireless effort that Randy has invested into learning, understanding and working to grow the IndyCar Series over the last three racing seasons,” Belskus said. “As both Randy and our organization have reflected on the past season and as we look toward the opportunities ahead and how to best take advantage of them, we agreed that the timing was right to pursue separate paths.”

There has been lots of speculation that former IndyCar boss Tony George was ready to make a bid for the series.

That is the same George who launched the 10-year open- wheel civil war with CART and nearly killed off the sport.

For his part, Bernard issued his own statement Sunday saying that he leaves IndyCar in a better place than it was when he took over from George in 2009.

“I have enjoyed the opportunity to work with the entire IndyCar community, its teams, drivers, loyal partners and fans,” Bernard said. “The last three years have produced some exciting, and some difficult, times. But we have created a foundation for IndyCar that positions it to grow over the next several years, and I am proud of what everyone at IndyCar has been able to accomplish since I came on board.”

 


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