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Bernard ousted as CEO of IndyCar, sources say

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IndyCar Series owners have fired CEO Randy Bernard, sources familiar with the situation told IBJ on Friday afternoon.

IndyCar board members and Bernard are currently negotiating a settlement package, sources said.

However, an official for the IndyCar Series and Indianapolis Motor Speedway denied that Bernard has been fired.

“Randy has not been terminated and his employment status is the same as it was last week and last month,” said IMS spokesman Doug Boles. “At this point, Randy is not fired. That is the case at the moment and in the future.”

According to one source, IndyCar officials had hoped to keep the firing, which occurred Thursday, under wraps for two weeks, when they hope to have a contingency plan in place to operate without Bernard.

“The [IndyCar Series] is a bit disjointed right now,” the source told IBJ on Friday. “There’s no way they can keep this secret.”

Sources said IndyCar Series board members became upset when the open-wheel series lost between $7 million and $8 million this year.

Bernard, a source said, told board members the series would be break even in 2012 and in the black in 2013.

“[Board members] feel Randy is a bit of a spender,” one source told IBJ. “They don’t want Randy digging any deeper of a hole.”

Bernard, who was formerly the head of the Pro Bull Riding circuit, was hired in 2010 on a five-year contract to replace Tony George.

The IndyCar Series is owned by the Hulman-George family, which also owns the Speedway.

George, who was formerly head of the IndyCar Series and IMS, led a deal in 2008 to consolidate open-wheel racing after the IndyCar Series' 12-year split with rival CART. He resigned  under pressure from the IRL in 2009 after butting heads with his three sisters and mother, who led the board that oversaw the race series and Speedway.

George also resigned Oct. 19 from the Hulman & Co. board of directors, citing a conflict of interest because of a recent attempt to reacquire the series.

A source said Bernard's firing was not related to George's effort to buy the open-wheel circuit.

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  • Smackedforum
    Chief....Smackedforum is great for what it is....IBJ should be more civil...IMO
  • Name's the same, but direction's to blame
    HaY, I always have gone by the name "Chief". I wouldn't be surprised if IBJ has a complete profile on me. So, not to worry friend. When are you gonna leave some intelligent conversation about the firing of Ropin' Randy and AOW deathblow masters and augerers IMS et al? They've been the solid constant in this whole hot mess. When are they going to apologize to the fans? They can do it by getting out of the sport....one mass exodus. And take Brian Barnhart with ya.
    • I'm So Sure Mr. Schoettle
      is packing his box and vacating the premises. Not only is the IRL a bigger laugh than a barrel of monkeys, so are its fans.
    • mouthpiece
      Who was your source?
    • Missed my point "Chief"
      Chief....ummm...you missed my point which is...have a spine and have your name listed along with your comments. I was not taking either side per se in the dialogue. I was only indicating that intelligent conversation, on both sides of the event, are best discussed when people put their name out there than hiding behind a handle. Most surprised that the IBJ or rather Mickey M. would allow this sort of thing.
    • Truth hurts, huh Thomas?
      The incompetence at 16th and Jonestown has destroyed the AOW sport, it's not like it isn't common knowledge. The problems that existed BEFORE Randy still exist today. The sport has again FLOUNDERED in the hands of IMS...now for 5 years since the merger and with no one to blame except the inept dysfunctional family that runs it today. Five years and counting. Even Facebook names can't change the truth, Thomas.
      • Blind Leading the Blind
        I have to laugh at all of you blindly ignoring what was obviously going to happen with Bernard's future. Even Danica was smart enough to leave the failing series which is ironic since the only reason she's around is due to Indycar's desperation to have her race for the controversy aspect.
      • Peter, Rich, Dave
        what say you. Are youse guys going to blame Anthony?
      • bd, gina, dipsicle, et al
        just go away now
      • Use your real names
        IBJ should have people use their Facebook accounts to post comments. Hiding behind an anonymous handle leads to a lot of the junk being posted. Better to have intelligent comments, one side or the other, than some of the BS posted here.
      • YOU should have apologized Randy
        And, you should have quit immediately after Dan's funeral. Good riddance. Now what? What goof ball wants to be associated with this hot mess now? Three years of nefgative growth that has plunged the series into AOW hades. Thanks for nothing.
      • Good scoop
        Hmmm, appears Anthony was right all along. What say you now naysayers? Adios to Roping Randy! Now what?
      • CEO Randy Bernard Fired During Emergency Board Meeting An emergency meeting by the members of the Hulman & Co. board was convened on Sunday to weigh the fate of Randy Bernard, who was ultimately fired. Marshall Pruett | Posted October 28, 2012
        CEO Randy Bernard Fired During Emergency Board Meeting An emergency meeting by the members of the Hulman & Co. board was convened on Sunday to weigh the fate of Randy Bernard, who was ultimately fired. Marshall Pruett | Posted October 28, 2012
      • Keep Calm
        In moments like these, what is needed are calmer heads to prevail. The various stakeholders need to look beyond their narrow interests to what is best to the city and the state of Indiana. Figure out how to move forward while still dealing with the inevitable distractions as that is what great leadership does. And dont forget to take your time to communicate a clear vision, get it out there asap.
      • CART Owners Chose Twice
        to let the George family spend hundreds of millions of dollars on them. Good choice.
      • Lost $7 or 8MILLION?
        HaY, and this was a GOOD year...$807MILLION and counting. Bwahahhahhahahaha! I must admit, the failure of this series and company is most amusing. Salute! Dumbest series EVAH! LOL
      • Can't take this seriously..
        I'm not sure what IBJ's agenda is, but publishing information like this based on a "good source" is irresponsible. Additionally, on Twitter, when asked why there were no names, the IBJ tweeted "That's a real good way to never get a tip again". Hmm. Sounds like this publication has a LOT of integrity
      • Comedy Gold!
        These imbeciles never fail to deliver, that's why they are only worthy of ridicule and derision. What the 'league' should do is fire everyone and cease operations permanently. Until that glorious day, the mocking shall continue unabated.
      • BS
        You have no credibility..this is all BS...get your facts!!!!!
      • Great sources
        "the board members feel Randy is a bit of a spender", In Tony Georges' final season as CEO he was rumored to be $15mil in the red and thats why he was asked to step down. The losses in this years season can be directly linked to the race in China, which was negotiated by Terry Angstadt, not Randy. The horrible T.V. deal penned by TG, shouldn't be Randy's fault, but sources say they are. Whoever keeps leaking this garbage is trying to pin problems from the prevoius handlers, TG, BB and TA, to Randy I wonder who's behind it?
      • IBJ Joke
        How can IBJ allow this kind of basement blog type of story? No journalistic integrity when Bernard and Boles both refute the story. The fact that this story has not been pulled shows poorly on the editor of this outfit.
      • Randy Bernard told the Associated Press today that he has not be fired
        Written by Curt Cavin curt.cavin@indystar.com IndyCar CEO Randy Bernard told the Associated Press today that he has not be fired, and he is not negotiating a settlement to leave his position. Indianapolis Motor Speedway spokesman Doug Boles said Bernard "has not been fired" and his employment status "has not changed." Both statements are contrary to an Indianapolis Business Journal story saying Bernard has been ousted.
      • He has not been fired
        "Randy's employment status has not changed," Doug Boles, IMS' head of communications, told SPEED.com. "He has not been fired." IndyCar officials tell Eyewitness News Bernard's employment status with the series has not changed
      • A JOKW!
        What a joke! We wonder why NASCAR continues to kick IndyCar's butt. Great move Danica! IndyCar is DEAD! Come on Doug Boles...go back to politics!!!
      • BAD decision
        Once again, the fans lose...
      • Everybody Pile On Tony Now
        Uh, cart failed, twice. Good riddance to them. IF (and that's the way it stands now) Randy Bernard is out, they had best have a good reason.
      • The problem is...
        Tony George was the worst thing that ever happened to open wheel racing in America. If CART were still running the show, we wouldn't have this problem
      • Lies!
        All lies, that's all.
      • Provide your source...
        ..or you've lost your (little) remaining credibility. Looks like everyone at IMS is denying this one, Mr. Pulitzer. How do you remain employed?
      • Cluster
        This entire group is dysfunctional. IndyCar will be DEAD in no time unless some order is restored quickly. I wish them luck.

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