DOUG BOLES TO RUN BOTH IMS AND INDYCAR

Longtime Indianapolis Motor Speedway President Doug Boles will now also be president of the NTT IndyCar Series, a move that Penske Entertainment President and CEO Mark Miles says will benefit both organizations.

“Doug is the perfect guy to lead us in this time with this opportunity,” Miles stated. “Doug is well understood to be one of the best and most effective promoters and marketers in racing, and IMS has been the beneficiary of that through his leadership there. To be able to apply that skillset and background from Doug to both IMS and IndyCar made a lot of sense.

“Doug is in position to pull the organizations closer together, which leverages their people. We’ve got to broaden the focus at IndyCar into the growth of the sport.”

Boles had been president of IMS for seven years when Penske Entertainment bought out the Hulman family in 2020 and was retained in that position. In the past five years, he has managed more than $150m in strategic investments at the Speedway and overseen the sellout of the 100th Indianapolis 500, thought to be the event’s first full-capacity crowd.

“Racing is in my DNA, and no form of racing resonates more personally and strongly with me than the NTT IndyCar Series,” Boles said. “I’m honored to lead the amazing team at IndyCar, and I truly believe the future is bigger and brighter than ever for our sport and the Indianapolis Motor Speedway.

“I’m extremely grateful to Mark Miles for this opportunity, and fans can rest assured the hard work is already under way and 2025 will be a fantastic season.”