Dan Towriss, an Indiana financial services investor and primary partner of Andretti Global, has taken control of the vast racing operation based in Indianapolis.

Andretti Global continues to field competitive drivers like Colton Herta, Marcus Ericsson, and Kyle Kirkwood in IndyCar and operates across seven different racing series. Their plans include giving female driver Jamie Chadwick an IndyCar test and supporting the development of the teenage sons of the late Dan Wheldon.

Motorsports icon Michael Andretti tells The Associated Press he’s at a point in his life where he no longer wants to run the day-to-day of his global operation and that’s why he turned over leadership to his business partner.

Michael Andretti will step down from his ownership role at Andretti Global to take a more behind-the-scenes position with the organization.

Michael Andretti is stepping down as the CEO of Andretti Global amidst a turbulent period following the rejection of their bid to join Formula 1.

Andretti Global Chair & CEO Michael Andretti outlined his reasoning for taking a step back in the company and turning it over to business partner Dan Towriss.

The 61-year-old has been the director of his eponymous organisation, purchased by his father Mario, since 2002.

Michael Andretti is reportedly set to relinquish his ownership stake of Andretti Global, transitioning to a more strategic role within the organization, accordi

In a major shift at Andretti Global, Michael Andretti has stepped back from the day-to-day operations of the racing team, handing over leadership to business partner Dan Towriss, CEO of Gainbridge and Group 1001.

It is anticipated that part-owner Dan Towriss will now take operational control at the prestigious motor racing organization.