Tony George may have been the driving force at the Speedway for the past two decades, but race fans we talked to say the track is long overdue for some new blood.
"He was trying to promote too much. You need to get someone in there with fresh ideas to try to get the series better," says Bob Wood.
"They ought to put Roger Penske in charge of it. He knows what he's doing," says Bill Farr.
Replacing George are veteran IMS executives Curtis Brighton (formally the company's Chief Legal Counsel) and Jeffrey Belskus (formally their Chief Financial Officer).
George will remain a board member of the Hulman-George companies.
In a statement, George's mother Mari Hulman-George says, "these 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.
Speed TV and IndySportsNation.com analyst Robin Miller broke the story in May that George would be phased out as CEO.
But George publicly denied the claim, telling reporters a vote (to oust him) never took place.
Now a month later it seems Miller's sources were correct