Oriol Servia has been appointed as partner and managing director of the Dragon Racing Formula E team after losing his drive with the squad.
The Spaniard raced for the team in the opening four rounds of the all-electric series, scoring points in all of them, but will be replaced by Le Mans 24 Hours winner from this weekend's Miami ePrix.
The former IndyCar driver admitted it will be hard not to be racing.
"It is with some regret that I won't be behind the wheel of the Dragon Racing entry in the FIA Formula E Championship," said Servia.
"However, Jay [Penske, team owner] and I had always spoken about me playing a larger role in the organisation, and I am ready for this latest challenge in my career.
"We have a world-class team, and I look forward to playing my part in putting Jerome [D'Ambrosio] and Loic on the podium."
Servia will be responsible for the management of the team's technical operations and developing its commercial relationships.