IndyCar founder Tony George has been named the chairman of the board of Hulman & Co., the family company that owns the Indianapolis Motor Speedway and the IndyCar series.
In his new role, he succeeds his mother, Mari Hulman George, 81, who was named chairwoman emeritus.
Although the company made no announcement about the move, Tony George, 56, was introduced with the title before instructing the Brickyard 400 drivers to start their engines for Sunday's race. Hulman & Co. CEO Mark Miles confirmed Monday that the 11-member board voted in March that Tony George succeed his mother.
Tony George’s elevation to chairman comes seven years after he was forced out of the firm's CEO job by his mother and sisters. Although the family never commented about the 2009 decision, sources close to the Speedway and IndyCar Series said it was due to heavy financial losses related to running the open-wheel series, which was launched in 1996.
Tony George resigned from the firm's board of directors in 2010 but rejoined in early 2013.
Editor's note: An earlier version of this story incorrectly stated that Tony George previously held the chairmanship of Hulman & Co.