INDYCAR CEO Randy Bernard announced organizational changes in the commercial and operations/competition divisions of the sanctioning body of the IZOD IndyCar Series and Firestone Indy Lights effective Jan. 1.
Terry Angstadt has resigned as Commercial Division president and will be succeeded by Marc Koretzky, who joined INDYCAR in May as director of corporate business development. Angstadt will assist with the transition.
Also, because of increasing demands on the Competition and Operation Division, INDYCAR will split the responsibilities of president of operations and race director into separate positions. Brian Barnhart will remain president of operations, overseeing the operational and logistical areas, while INDYCAR is reviewing candidates to fill the position of race director.
“I’m confident that Brian and Marc will lead our company into a bigger and brighter future in these new roles,” Bernard said.
As president of the commercial division, Koretzky will oversee sales, business planning and development, marketing, public relations and organizational operation.
Koretzky, 35, has utilized his MBA in Executive Strategic Management most recently in management of all non-racing events surrounding the IZOD INDYCAR World Championships presented by Honda in Las Vegas in October. Tapping into his experience with the NFL, NCAA and other sports properties, he produced and coordinated the weeklong activities that created global awareness, including an unprecedented night closing of Las Vegas Boulevard for a 34-car parade.
“INDYCAR has made tremendous strides under Terry’s leadership and its future is indeed bright,” Koretzky said. “I look forward to working with INDYCAR’s current commercial partners and helping to develop additional strategic relationships.”
Previously, the New Orleans native worked in conjunction with the NFL as director of operations for multiple Super Bowl committees and was an independent lead consultant to the Atlanta Local Organizing Committee for the NCAA Men & Women’s Final Four Basketball Championships.
“Marc’s demonstrated abilities with big events will be a great asset to INDYCAR as it continues to grow and prosper,” Bernard said. “With the new car and engine manufacturer competition coming for the 2012 season, along with exciting news regarding new commercial partners on the horizon, INDYCAR is poised for an exciting future. Marc comes highly regarded and brings a unique perspective with his experience with major sports properties as with the NFL Super Bowls and NCAA tournaments.”
Angstadt, who joined INDYCAR after serving as vice president of marketing for the Indianapolis Motor Speedway since 2001, was named commercial division president in 2007. He was instrumental in forging long-term commercial partnerships with series title sponsor IZOD; Apex-Brazil, the official Brazilian trade and investment promotion agency; and secured strategically important events in Sao Paulo, Brazil, and Qingdao, China.
“Terry has been an integral member of the INDYCAR executive team since 2007, and has been instrumental in orchestrating successful inaugural events Baltimore and Brazil, managing the demands of promoter relations and serving as a key liaison between our teams, venues and partners while overseeing the business development of our company,” Bernard said. “We wish Terry the best of luck as he moves on to the next chapter in his career. He will be missed by the entire INDYCAR team.”
A president of operations, Barnhart is responsible for officials, technical specifications, safety development and implementation, medical and event logistics. The race director is the senior official in Race Control, who oversees all on-track activity.
“As our sport continues to grow and we prepare for our first new car in almost a decade, we feel that splitting these roles will help fully service our teams and venues as we prepare for the demands of 2012 season,” Barnhart said.