Hulman & Co. CEO Mark Miles announced Thursday that Jay Frye will replace Derrick Walker as IndyCar Series president of competition and operations.
Frye previously served as chief revenue officer for Hulman Motorsports after decades leading teams and selling sponsorships in NASCAR.
“Jay Frye’s resume is perfectly aligned with our organization’s strategic vision,” Miles said. “He has both series and team experience, having successfully transformed and led Red Bull Racing and MB2 Motorsports before joining Hulman Motorsports.”
Frye will be responsible for all operations, competition and technical matters for the IndyCar Series. He will report to Miles, who as CEO of the parent of IndyCar and the Indianapolis Motor Speedway, will set strategy and oversee all aspects of the series.
Newly hired Rod Davis will take over Frye’s vacated position. Davis previously served in senior executive roles with the Indiana Sports Corp., USA Gymnastics, RCA Championships and USA Swimming.
Davis has extensive experience in sponsorship sales and working on media deals, Miles said.
“As our new chief revenue officer, Rod Davis will successfully execute sponsorship deals already in the pipeline and find new partnerships to increase revenue and market share,” Miles said. “His proven ability to build mutually beneficial relationships with leading Fortune 500 companies will pay dividends for both IMS and the Verizon IndyCar Series.”
Walker, a former Penske Racing team executive before starting his own team, stepped down after this season ended in late August. He was criticized this year for poor implementation of the new aero kits, which led to last-minute changes to Indianapolis 500 qualifying process.
Walker also was criticized by several team owners for decisions made by the race control staff he put together.