CHAMPCAR/CART: Grosfeld resigns from CART Board of Directors

INDIANAPOLIS (July 2, 2002) - Championship Auto Racing Teams, Inc. (NYSE: MPH) confirmed today that James Grosfeld has resigned from CART's Board of Directors. In making his decision, Mr. Grosfeld cited personal reasons. Christopher R. Pook, ...

INDIANAPOLIS (July 2, 2002) - Championship Auto Racing Teams, Inc. (NYSE: MPH) confirmed today that James Grosfeld has resigned from CART's Board of Directors. In making his decision, Mr. Grosfeld cited personal reasons.

Christopher R. Pook, CART's President and CEO, offered his thanks to Mr. Grosfeld for the contributions he made as a Board member. "Mr. Grosfeld has provided the CART Board of Directors with useful insight and expertise during his tenure and he will be missed," said Pook. "We appreciate the time and effort he has devoted to CART, his wise counsel and his support and wish him well in his future endeavors."

Championship Auto Racing Teams, Inc. (NYSE: MPH) owns, operates and markets the CART FedEx Championship Series. Former series champions Michael Andretti and Jimmy Vasser are among the stars who will battle for the 2002 FedEx Championship Series title on ovals, temporary street circuits and permanent road courses. CART Champ Cars are thoroughbred racing machines that travel at speeds in excess of 200 miles per hour, showcasing the technical expertise of manufacturers such as American Honda, Ford Motor Company, Toyota, Lola Cars, Reynard Motorsport and Bridgestone/Firestone North American Tire, LLC. The 20-race 2002 CART FedEx Championship Series will be broadcast by new television partners, CBS, FOX and SPEED Channel. CART also owns and operates its top development series, the 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 Michael Andretti , Jimmy Vasser