George out as Indianapolis Motor Speedway boss
it is being reported that Tony George will no longer have
day-to-day responsibility for running his family businesses,
including the Indianapolis Motor Speedway.
chief financial officer Jeffrey Belskus is the new CEO of
the Indianapolis Motor Speedway Corp., and current chief legal
counsel W. Curtis Brighton is the new president and CEO of
Hulman & Co. The changes, made public Tuesday, take effect
remains on the board of directors of the Hulman-George companies,
along with his mother and three sisters. But he will focus
on running his IndyCar Series team, Vision Racing.
come one month after the family denied reports that George
had been ousted from his executive positions during the annual
meeting. But the family issued a statement that said George
had been asked to "devise a plan for management of Hulman
& Co., the Indy Racing League, Clabber Girl and the Indianapolis
Motor Speedway that would allow him to focus on the business
which requires the greatest attention."
not immediately clear how much involvement George will have
in running the Indy Racing League.
IS THE OFFICIAL PRESS RELEASE
MANAGEMENT CHANGES ANNOUNCED AT HULMAN & COMPANY, INDIANAPOLIS
of Directors of Hulman & Company and the Indianapolis
Motor Speedway announced June 30 that a new management team
comprised of veteran IMS executives W. Curtis Brighton and
Jeffrey G. Belskus will head the Hulman-George companies effective
currently executive vice president and chief legal counsel,
will become president and CEO of Hulman & Company. Belskus,
currently executive vice president and chief financial officer
for the companies, will become president and CEO of the Indianapolis
Motor Speedway Corporation.
replace Tony George, who will no longer serve as president
and chief executive officer of the Hulman-George companies
but will remain a board member of the Hulman-George companies.
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," said
Mari Hulman George, IMS chairman of the board. "He 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.
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.
family and the entire racing community are grateful to Tony
for the leadership and direction he has provided since 1990.
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."
underscored the confidence in the leadership of Belskus and
Brighton, who both were originally hired by Tony George.
and Curt have both been with the company for many years in
positions of top leadership," Mrs. George said. "Tony,
as well as the entire Board of Directors, has the utmost confidence
in their capabilities.
of these men have years of experience and leadership within
our companies. In addition, each of our companies has effective
presidential leadership, and that will remain in place."
is president and chief operating officer (COO) of the Indianapolis
Motor Speedway, LLC. Terry Angstadt is president of the commercial
division of the Indy Racing League. Brian Barnhart is president
of the competition division of the Indy Racing League. Charlie
Morgan is president and COO of IMS Productions. Gary Morris
is president and COO of Clabber Girl.
changes underscore our family's commitment going forward to
all of our companies, especially our commitment to the growth
of the Indy Racing League and the sport of open-wheel racing,"
Mrs. George said. "We believe the Hulman-George family's
long stewardship of the Indianapolis Motor Speedway, beginning
in 1945, and our significant investment in the Speedway and
in the IRL demonstrates that we have full confidence in all
of our companies and that we intend to grow them in the future."
G. Belskus--President and CEO, Indianapolis Motor Speedway
role with the Indianapolis Motor Speedway, Jeff Belskus has
had primary leadership responsibility for the financial operation
of Hulman & Company in Terre Haute and its subsidiaries,
including IMS and the Indy Racing League.
Haute native Belskus joined the company in 1987 and was elevated
to treasurer in 1989. Already functioning as the company's
chief financial officer, he was promoted to vice president
in 1991 and named the company's executive vice president in
graduated with honors in 1981 from Indiana State University,
where he received his bachelor's degree in accounting, and
earned his CPA designation in the state of Indiana in 1985.
affiliations include the treasurer of the Rose-Hulman's Board
of Trustees, American Institute of CPAs and the Indiana CPA
Society, and the Indianapolis chapter of the Financial Executives
International. Additionally, he serves on the Indiana State
University Foundation board, where he is a member of the audit
committee. He also serves on the board of directors of the
Morris Plan Company of Terre Haute and the Indiana board of
The Nature Conservancy.
and his wife, Debbie, reside in Zionsville, Ind.
Brighton--President and CEO, Hulman & Company
joined Hulman & Company in January 1994 as vice president
and general counsel. Brighton was promoted in October 2002
to executive vice president and general counsel of Hulman
& Company, and serves in a similar capacity for the Indianapolis
Motor Speedway, Clabber Girl Corporation and Indy Racing League,
the principal operating businesses in the Hulman family of
to joining Hulman & Company, Brighton practiced law in
Terre Haute, Ind. In addition to his duties at Hulman &
Company, Brighton is a board member of several business and
civic organizations, including First Financial Corporation,
First Financial Bank, Indiana State University Foundation,
Princeton Mining Company, Templeton Coal Company, Union Hospital
and United States Auto Club. His professional affiliations
include the Indiana State Bar Association and the Iowa State
responsibilities have included coordinating the legal, risk
management, human resource, real estate and philanthropic
activities for all Hulman-affiliated businesses. He is a 1976
graduate of Indiana State University and a 1981 graduate of
Drake University Law School.
and his wife, Linda, reside in Terre Haute.