Mar 22, 2013, 8:39 PM EDT
IZOD IndyCar Series founder Tony George has returned to the board of directors at Hulman & Co. after resigning last fall due to the appearance of a conflict of interest.
George, who founded the series in 1994 and currently serves as a co-owner for his stepson Ed Carpenter’s team, stepped down from the board in October of 2012 due to his involvement in a group that was, at the time, exploring the possibility of buying North America’s top open-wheel series. Hulman & Co. continuously maintained that the series was not for sale.
However, with George no longer looking to acquire the series he created, he has been allowed to return as a board member for INDYCAR and Indianapolis Motor Speedway’s parent company.
In addition to George, the current Hulman board consists of his mother, Mari Hulman George; his sisters, Nancy George, M. Josephine George, and Katherine George-Conforti; Hulman CEO Mark Miles; IMS president/CEO Jeff Belskus; John Ackerman; Andre Lacy; James Morris; and Michael Smith.
According to the Associated Press, George made a five-page proposal to the Hulman board on Oct. 5, 2012 that called for a management team to take over operations of the series and separate it from IMS. However, the proposal expired ten days later without being considered, and George resigned from the Hulman board on Oct. 19, 2012.