Randy Bernard steps down as Indycar CEO

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On Sunday evening, the board of directors for the Indianapolis Motor Speedway Corporation held a special meeting and decided Randy Bernard should relinquish his position as CEO of INDYCAR effective immediately.

Indianapolis Motor Speedway Corporation President and CEO Jeff Belskus was appointed as interim CEO of INDYCAR.

A statement released from INDYCAR said:
"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."

Bernard joined INDYCAR in March 2010, said he believed he is leaving INDYCAR in a better position than when he arrived.

"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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