IndyCar promotes Frye to president in reorganization

Jay Frye, IndyCar's head of competition and operations for the past three years, has been promoted to president of the open-wheel racing series.

The move was announced Monday by Mark Miles, president and CEO of Hulman & Co., which owns IndyCar and Indianapolis Motor Speedway. The promotion is effective Jan. 1.

Miles will remain as CEO of IndyCar. Frye's new responsibilities will include marketing and communications.

Frye joined Hulman & Co. in 2013 as chief revenue officer, leading the combined team of IndyCar and IMS in sponsorship sales, licensing and account services. In 2014, the team secured a title sponsorship agreement with Verizon as well as the addition and expansion of several other corporate partners, including TAG Heuer and Panasonic.

Mark Sibla, IndyCar chief of staff for competition and operations, will similarly expand his role with the Indianapolis-based sanctioning body, becoming chief of staff of all IndyCar departments.

IndyCar said the reorganization, which includes several other moves within the Hulman & Co. organization, was a result of C.J. O'Donnell's resignation as chief marketing officer, a job he held since November 2013.

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