Randy Bernard has officially left his position as the CEO of IndyCar, but he will stay in the organization as an advisor. The announcement on Oct. 28 has ended several days of speculation that he was fired and trying to reach a settlement. Technically, Bernard resigned as CEO, yet the decision was actually made by the board. Jeff Belskus will be the interim head of IndyCar as the search for a new CEO begins.
Randy Bernard is Out
After three years filled with controversy, Randy Bernard has left his position as the CEO of IndyCar. Since his contract with the organization is for five years, he will remain as an advisor. Before the announcement on Oct. 28, rumors about Bernard's departure had been circulating for several days. The board of directors finally met and reached the decision, but IndyCar insists it was a mutual one.
Controversy and More Speculation
The departure of Randy Bernard has not ended all of the speculation surrounding IndyCar. Rumors that Tony George is attempting to purchase the series still exist despite the comments from the organization that it is not for sale. The same issues remain with Jeff Belskus, who will be the interim head of IndyCar, as the search for a new CEO starts.
Unresolved Issues
Randy Bernard's exit also leaves several unresolved problems with the biggest one being the tire supplier for IndyCar. The organization's agreement with Firestone is set to last through the 2014 season, but Bernard was allegedly trying to replace it with a different brand. It is not clear how his departure will affect negotiations or the role Firestone will play in them.
As the embattled CEO of IndyCar, Randy Bernard faced ongoing problems that ranged from dissatisfied team owners to falling TV ratings. Many of his decisions were met with controversy and included the new car kits that were rejected by the teams, the move to Dallara for parts, the aftermath of Dan Wheldon's tragic death and schedule changes for next season. His decision to step down is not surprising given that he was almost ousted by team owners in the summer.
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Growing up in Indiana, Lana developed a love for motorsports at an early age. She follows NASCAR, IndyCar and Formula One. Follow @Lana_Bandoim on Twitter.
