CHAMPCAR/CART: CART reorganizes Racing Operations Division

DETROIT (April 23, 2001) - Championship Auto Racing Teams, Inc. (NYSE: MPH) today announced a reorganization and initial restructuring of the open-wheel sanctioning body's Racing Division, resulting in the elimination of the positions of President...

DETROIT (April 23, 2001) - Championship Auto Racing Teams, Inc. (NYSE: MPH) today announced a reorganization and initial restructuring of the open-wheel sanctioning body's Racing Division, resulting in the elimination of the positions of President of Racing Hal Whiteford and Vice President of Logistics Dennis Swan.

The announcement was made by CART President/Chief Executive Officer Joseph F. Heitzler.

"The re-evaluation process for Racing Operations is ongoing and I look forward to working with the Racing Operations team over the next few weeks as we further establish our direction," said Heitzler.

"Over the past three months, we have conducted comprehensive internal evaluation and done extensive research throughout the CART community as we gathered feedback and data to help us formulate our strategic initiatives," added Heitzler. "It became clear as we did our evaluation that we must establish a new direction for our Racing Division, one that better meets the needs of all of our constituents.

"All of us at CART want to thank Hal and Dennis for their commitment and dedication during their tenure at CART and wish them well in their future endeavors."

During the re-evaluation process, Tim Mayer, on an interim basis, will coordinate Racing Operations' day-to-day activities and report directly to Heitzler. In addition, Kirk Russell now reports to Heitzler as well. The entire Racing Operations team will be involved in the re-evaluation process.

Championship Auto Racing Teams, Inc. (NYSE: MPH) owns, operates and markets the FedEx Championship Series. Champions Gil de Ferran, Alex Zanardi, Michael Andretti and Jimmy Vasser are among the drivers who battle for the FedEx Championship Series title on oval circuits as well as temporary and permanent road courses. CART also owns and operates its top two development series, the Dayton Indy Lights Championship and CART Toyota Atlantic Championship. Learn more about CART's open-wheel racing series at www.cart.com.

-CART-

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About this article
Series Automotive , IndyCar
Drivers Gil de Ferran , Michael Andretti , Jimmy Vasser , Alex Zanardi