News From Terre Haute, Indiana

November 20, 2012

Mark Miles to become CEO of Hulman & Co. in mid-December

Addition allows Belskus to focus on IMSC, INDYCAR businesses


News Release

TERRE HAUTE — Veteran business leader and international sports executive Mark D. Miles will become chief executive officer of Hulman & Co. on Dec. 17.

The appointment of Miles adds extensive experience to the company’s management. It also positions Jeff Belskus, who currently serves as CEO of several Hulman & Co. lines of business, to focus his attention primarily on the Indianapolis Motor Speedway Corp. and INDYCAR.

Miles will lead the overall business direction and management of Hulman & Co., including a key role in the refinement and implementation of the company’s long-term strategic plan. Hulman & Co. is comprised of Clabber Girl, Georgetown Realty, Indianapolis Motor Speedway, INDYCAR, IMS Productions and various other business entities.

“We are pleased to add Mark to the executive leadership at Hulman and Company,” said Mari Hulman George, IMS chairman of the board. “The combination of his international sports experience and leadership of large-scale events like the 2012 Super Bowl, along with his diverse experience with public and private corporations, make him an exceptionally positive match for our business. His business acumen, his ability to cultivate and develop partnerships and the extensive network in sports and business he will provide will strengthen all of our business units. His service as a member of the Hulman and Company board of directors has prepared him to contribute to the organization from day one.”

Miles brings an impressive blend of experience from all phases of his career to this new role. In the sports world, he transformed the ATP, governing body of men’s international professional tennis, from a start-up league to an international leader. During his 15-year tenure, the ATP posted impressive revenue gains, launched innovative marketing initiatives and expanded its global presence through successful events in Asia, the Middle East and Latin America.

Bookending Miles’ career are two major sports entertainment events which he successfully and profitably led: the Pan American Games in 1987 and the Super Bowl in 2012, a 10-day event that attracted more than a million fans and set a new standard for the NFL.

His most-recent business career includes six years leading the Central Indiana Corporate Partnership, a consortium of the leading companies in Central Indiana working with the premiere university research institutions to strategically develop economic growth in the region. During this same period, Miles has served on the board of The Pantry, one of the largest independently operated convenience store chains in the country, with more than 1,500 stores in 13 states and annual revenues exceeding $6 billion. He is also a director for City Securities, a diversified financial services corporation based in Indianapolis. Earlier in his career, Miles was executive director of corporate relations for Eli Lilly and Co.

“It is an honor to join Hulman and Company, known for its tradition of success,” Miles said. “I’m excited about joining the team and contributing my lifetime learning from international professional sports, large-scale major sports events and business environments. I have worked for companies with global profiles and brands, and I’m happy to continue that on behalf of the Hulman-George family and its significant business interests.”

Belskus will continue as president of Hulman & Co., president and CEO of the Indianapolis Motor Speedway Corporation and interim CEO of INDYCAR. He has served as president and CEO of Hulman & Co. since October 2011, one of his many senior management roles in Hulman & Co. operations over the last 25 years.

“The racing components of our business are very important to our company, and Jeff is uniquely positioned to help lead us into 2013 and beyond as he has complete understanding of our sport and our 2013 plan and an excellent relationship with our key stakeholders,” George said. “By allowing Jeff to focus on the racing businesses and significantly less on the other business units, we are clearly aligning our executive management team to move the company forward.”

Said Belskus: “We see opportunities to continue the growth of INDYCAR, which I view as an exciting challenge. My passion is rooted in the Indianapolis Motor Speedway and INDYCAR, and I have been energized by the opportunity we have in the short and long term for both organizations.”

Belskus added he is looking forward to working with Miles. They have served together on the Hulman & Co. board since March.

“Mark and I have known each other for many years and have worked together closely since he joined the Hulman and Company board,” Belskus said. “Mark brings a wealth of experience and has a good understanding of the opportunities and challenges that face our business. I believe he will be very helpful in bringing new and successful ideas to the company.”

Miles also believes Belskus’ experience and knowledge will help to lead Hulman & Company’s motorsports-related businesses to even more future success.

“Jeff understands racing and has relationships throughout the industry that have developed during his tenure with the company,” Miles said. “Allowing him to focus on IMS and INDYCAR will greatly benefit Hulman and Company. I look forward to working with Jeff as we implement a long-term strategy for Hulman and Company that positions all our business units for growth.”