Angstadt on his way out?

Terry Angstadt (middle)

Is Terry Angstadt on the way out? This article appeared in the Indianapolis Business Journal today.

Though we are willing to reserve judgment or speculation on the new CEO, we were a little surprised that the IRL did not look to promote from within on this one.

Angstadt has a lot of experience, and has been the primary force behind greatly increased revenues recently. We can also say that Terry is a very forward looking guy, which is something this sport has been missing since well into the CART days. Open wheel racing needs to watch the road ahead, but also plan for the whole race.

You can race lap by lap. and rack up fast laps in P1, but when you are stuck in the pits in the closing laps and someone else sails by for the checker, nobody will even remember your name.

The IRL does need to put themselves in a better immediate state of business health for sure. However, they also need to be building a solid foundation for future growth. We know Terry has his eye on that ball, even if it is not readily apparent.