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Tony George of Hulman and Company, which owns Indianapolis Motor Speedway.

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George resigns from Hulman and Company

Updated: Friday, 19 Oct 2012, 8:11 PM EDT
Published : Friday, 19 Oct 2012, 6:05 PM EDT

TERRE HAUTE, Ind. (WISH) - Tony George has resigned from the board of directors of Hulman and Company.

The board accepted the resignation on Friday which is effective immediately.

In a release Friday, Hulman and Company president and CEO Jeff Belskus responded to the resignation:

"Tony George has made the difficult decision to resign from the board because of his involvement with a group that has recently expressed an interest in purchasing the Hulman & Company-owned INDYCAR organization," said Jeff Belskus, Hulman & Company president and CEO. "While the business is not for sale and no offers to sell it have been considered or are being considered, we applaud Tony's efforts to resolve the appearance of a conflict and appreciate the gravity of this decision."

George served as president of the Indianapolis Motor Speedway from 1990 – 2004 and IMS chief executive officer from 1990 – 2009. He was also the CEO of INDYCAR from 1994 – 2009 and was a previous president for Hulman and Company.

There is no immediate plan to fill the vacant position.
 

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