As the not so calm. not so quiet IndyCar offseason enters its second week, a major bombshell exploded this morning. Michael Andretti, former champion, successful car owner, and head of the Andretti Global racing enterprise, will step down as CEO to “focus on the strategic side” of the operation. Dan Towriss, owner of Gainbridge Financial Group, will be the new CEO. Towriss bought an ownership stake in then Andretti Autosport in 2022.
A statement from Andretti Global announced the change, but gave few details:
“Michael’s goal has been to transition to a more strategic role with Andretti Global and focus less on the operational side of the race team,” the team said in a statement. “Michael and Dan Towriss have been working closely on developing this new structure, one which Michael is excited to see take shape under Dan’s guidance.
“Michael remains engaged and will continue to serve as a strategic advisor and key ambassador.”
The statement also said that more details would be forthcoming after Andretti and Towriss have had a chance to “talk to the team.”
Thoughts
I find it mind boggling to think that Michael Andretti is not charge of his team if he were 75 or80 years old, I would get it.
I don’t get the “until we talk to the team” part. If an organization is making a seismic change like this, shouldn’t the team be talked to before anything is released to the public?
The Andretti shake up bookends a week that started with Ed Carpenter Racing announcing an ownership stake purchase by Ted Gelov of Heartland Foods. Will All IndyCar teams be owned by corporate entities with no racing backgrounds eventually like Formula 1? I hope that never happens.
Off season turbulence will be the norm this fall and winter, I believe. I understand this story is still developing. Who knows what else we will find out?
I will update as I learn things and they are confirmed.