CHAMPCAR/CART: Andrew Craig steps down

A report just released by ESPN News Service, it is being reported that Andrew Craig, the president and CEO of CART, resigned from his position Friday. James Hardymon was named the chairman of CART, while Bobby Rahal was named interim president...

A report just released by ESPN News Service, it is being reported that Andrew Craig, the president and CEO of CART, resigned from his position Friday.

James Hardymon was named the chairman of CART, while Bobby Rahal was named interim president and CEO.

The move was made following a meeting of CART's board of directors, which is made up of the CART team owners. The meeting took place in Detroit where this weekend's Tenneco Automotive Grand Prix of Detroit will be run.

Hardymon has been president of Textron, which is based in Providence, R.I. The company has dealings in the automotive, aircraft, industrial and commercial finance.

Rahal, meanwhile, is a three-time CART champion with 24 victories including the 1986 Indianapolis 500. Rahal currently owns his own CART team, which is co-owned by David Letterman.

CART has seen declines in attendance and television ratings since the split with the IRL in 1995, one year after Craig took over CART. A press conference is scheduled later this afternoon.

I is also expected to be announced today that CART will not return the the Miami-Homesteady Speedway in 2001. No other schedule changes are known at this time. This leaves Monterrey Mexico as the tentative season opening race

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Series IndyCar
Drivers Bobby Rahal