EXCERPT FROM INDIANAPOLIS STAR
As it turns out, IndyCar’s new president was already on its staff.
Jay Frye, who since November 2013 has been the chief revenue officer of the Indianapolis-based sanctioning body, was confirmed Thursday to The Indianapolis Star as Derrick Walker’s replacement.
Walker stepped down in August.
Frye, 50, arrives in the position as a known quantity in the motor sports industry. Before joining IndyCar, he was a NASCAR Sprint Cup Series team owner, having built MB2 Motorsports from the ground up — expanding from 10 employees to more than 200 — and revamping Red Bull Racing, which earned a spot in the 2009 Chase for the Sprint Cup. His teams won four races.
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