Kirk Hendrix, who has served as president and CEO of the 500 Festival since 2003, is stepping down to take the same positions at AAA Hoosier Motor Club, the club announced Wednesday.
He is expected to assume his new job at on March 1, 2013. Hendrix will be the club's sixth chief executive following the announced retirement of Terry R. Farias. Farias has guided the club since 1998.
AAA Hoosier Motor Club has 405,000 members.
The 500 Festival, founded in 1957, produces and promotes 50 annual events and programs in celebration of the Indianapolis 500. The organizations board will begin searching for a replacement immediately.
“Under Kirk’s leadership, the 500 Festival has been successful on a number of fronts, foremost engaging more and more people in participation,” said Ted Dickman, 500 Festival chairman, in a prepared statement. “Over the past 10 years, festival events have performed for record crowds while also earning numerous international accolades. Kirk was instrumental in forging the many successes we have enjoyed."