May 14, 2013, 3:12 PM EDT
Zak Brown, who IndyCar has long courted to be its new CEO, told multiple reporters Tuesday he is withdrawing his name from consideration for the position.
Instead, Brown will focus his time and resources on Just Marketing International, his Zionsville, Ind.-based firm that has been the one of the most successful sponsor selling agencies in motorsports.
“I’m a huge fan of IndyCar, it’s a great product and it certainly would have been a great opportunity and challenge,” Brown told the Associated Press. “Mark (Miles, Hulman & Co. CEO) is fully aware of my passion for IndyCar and my desire to contribute to the series’ success in any way I can, but at this time that cannot be in the CEO role.”
Brown will relocate with his family to England this summer, to expand JMI’s business interests. Some of Brown’s experience with JMI was recently highlighted in a blog post authored by MotorSport Magazine’s Gordon Kirby.
The restructuring of IndyCar and the Indianapolis Motor Speedway’s organizational structure has been underway since Miles’ appointment; the latest hire was Derrick Walker, confirmed by IndyCar on Monday.
Walker is IndyCar’s new President of Competition and Operations, with other IndyCar top leadership duties falling, for the moment, to Miles and interim IndyCar CEO/IMS CEO Jeff Belskus.