P1racenews AI automatic summary:
Penske Entertainment has chosen to place two of its non-competition executives in charge of its new-car project. In what is traditionally the exclusive domain of a racing series president and their…
Penske Entertainment has appointed two non-competition executives to lead its new car project, breaking tradition from the usual involvement of racing series presidents and technical staff. CEO Mark Miles and COO Rich Shearing have been named as the new directors of the future chassis and engine formula, despite lacking experience in motor racing engineering. Former IndyCar president Jay Frye’s duties now fall on new IndyCar president Doug Boles, who also lacks race car design experience. Shearing, described as the “quarterback” of Penske’s future IndyCar project, is highly regarded by team owners for his knowledge in supplier relationships and technology. Mark Sibla, Frye’s main administrator, will now be responsible for keeping the new-car project on track after Frye’s dismissal.
