Mark Miles tapped to be CEO of Hulman & Co.
Mark Miles has been named chief executive officer of Hulman & Co, which counts Indianapolis Motor Speedway and the IndyCar Series among its business entities.
Miles most recently led the city of Indianapolis' successful Super Bowl effort. He replaces Jeff Belskus, who will remain president of Hulman & Co. and continue as CEO of the speedway.
Belskus is also currently acting as interim CEO of IndyCar since the Oct. 28 ouster of Randy Bernard. The series and Hulman & Co. board of directors has been under public scrutiny for its messy handling of the split with Bernard, who was popular among fans.
Miles, an Indianapolis native, joined the Hulman & Co. board in March. He previously led the Pan-American Games in 1987 and spent 15 years as CEO of the ATP Tour. He was also chairman of the Super Bowl Host Committee this year.
Miles is also the president and CEO at Central Indiana Corporate Partnership, and director at BioCrossroads. Before that, he was responsible for Eli Lilly's local, state, and national governmental affairs.
"I'm thrilled for Mark, who has been chosen to lead Hulman and Company. He loves this community and I know this opportunity is extremely special to him. I'm also excited for this Indiana-based company. Mark is a great choice. He is a truly innovative leader whose vision has impacted Super Bowl XLVI, the ATP Tour and countless other initiatives in remarkable ways. Today is a banner day for our friends on 16th Street," said Allison Melangton, Indiana Sports Corp President and formerly the President and CEO of the 2012 Indianapolis Super Bowl Host Committee.
The move comes after Tony George resigned from the board a month ago. According to a proposal, George was trying to bring in new management to replace the current board when he attempted to purchase IndyCar in October. IndyCar CEO Randy Bernard resigned nine days after George. Jeff Belskus, President and CEO of series owner Hulman & Co., served as interim CEO.
George resigned as IMS president in 2009 after being urged to step down by the family-dominated board amid charges that he had spent too much money on track renovations and keeping the IRL afloat. Construction for a road course, new press tower and new Pagoda cost about $100 million.