P1racenews AI automatic summary:
Andretti Global confirmed on Friday afternoon that the team’s CEO and chairman Michael Andretti is working on transitioning away from the operational side of the race team. The shift will have Andretti putting his efforts into the strategic side of the organization, with the 61-year-old becoming a strategic advisor and key ambassador. A report was […]
Andretti will now focus on the strategic side of the organization, serving as a strategic advisor and key ambassador at 61 years old. According to a report by Sportico on Friday, Andretti will be relinquishing his ownership stake in Andretti Global. Although the organization’s statement didn’t explicitly confirm this change, it outlined Andretti’s intentions to step back from the day-to-day operations of the team. Andretti Global’s statement mentioned that Michael and Dan Towriss are collaborating on a new structure, with Towriss guiding the transition towards Andretti’s strategic role. Dan Towriss, CEO of Group 1001 and co-owner of Andretti since last year, was involved in the branding change to Andretti Global. Andretti, who has led his organization for over two decades, expanded its reach beyond IndyCar to include IMSA, Formula E, and Extreme E. Despite facing obstacles in entering Formula 1 in recent years, Andretti has persisted in developing a car and forming a partnership with GM for Cadillac factory support. More details about the operational changes are anticipated in the forthcoming weeks.
