ABOUT PENSKE ENTERTAINMENT
Penske Entertainment Corp., a subsidiary of Penske Corporation, owns the Indianapolis Motor Speedway, the NTT INDYCAR SERIES and IMS Productions. The Indianapolis Motor Speedway has hosted the world’s largest single-day sporting event – the Indianapolis 500 Mile Race – for more than 100 years. The venue has also hosted NASCAR, Formula One and other racing series events throughout its storied history. The NTT INDYCAR SERIES continues to be the premier open-wheel racing series in North America and is one of the most competitive championships in the world. IMS Productions is a leading video services and production company.
ABOUT INDYCAR
INDYCAR is the Indianapolis-based governing body for North America's premier open-wheel auto racing series known as the NTT INDYCAR SERIES. The series features an international field of the world's most versatile drivers - including six-time series champion Scott Dixon, two-time series champion Josef Newgarden and four-time and reigning Indianapolis 500 winner Helio Castroneves - who compete on superspeedways, short ovals, street circuits and permanent road courses. The season, which runs from February to September, currently consists of 17 races in the United States and Canada and is highlighted by the historic Indianapolis 500 presented by Gainbridge held annually in May at the Indianapolis Motor Speedway. The NTT INDYCAR SERIES, the Indianapolis Motor Speedway and IMS Productions are owned by Penske Corporation, a global transportation, automotive and motorsports leader. For more information on INDYCAR and the NTT INDYCAR SERIES, please visit www.indycar.com.
EXECUTIVE BIOGRAPHIES
ROGER S. PENSKE
Chairman, Penske Corp.
Roger Penske is the founder and chairman of Penske Corporation, a closely-held, diversified, on-highway, transportation services company whose subsidiaries operate in a variety of industry segments, including retail automotive, truck leasing, transportation logistics and professional motorsports. Penske Corporation manages businesses with consolidated revenues of more than $32 billion, operating in over 3,200 locations and employing more than 60,000 people worldwide.
Penske Transportation Solutions includes Penske Truck Leasing, Penske Logistics, Epes Transport Systems and Penske Vehicle Services. A leading global transportation services provider, Penske operates approximately 350,000 vehicles and serves customers from more than 3,000 locations in North America, South America, Europe, Australia and Asia. Product lines include: full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions.
Penske Automotive Group, Inc., (NYSE: PAG) is a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers. PAG operates dealerships principally in the United States, the United Kingdom, Germany, Italy and Japan and is one of the largest retailers of commercial trucks in North America for Freightliner. PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems and related parts and services principally in Australia and New Zealand. PAG employs over 24,000 people worldwide and is a member of the Fortune 500, Russell 1000, and Russell 3000 indexes, and is ranked among the World’s Most Admired Companies by Fortune Magazine.
Penske Performance, Inc. operations include teams competing in the NTT INDYCAR SERIES and NASCAR Cup Series in 2022 under the “Team Penske” banner. Team Penske is one of the most successful teams in the history of professional sports. Competing in a variety of disciplines, cars owned and prepared by Team Penske have produced more than 590 major race wins, over 650 pole positions and 41 championships. In its 56-year history, the team has also earned 18 Indianapolis 500 victories, two Daytona 500 Championships, a Formula 1 win, overall victories in the 24 Hours of Daytona and the 12 Hours of Sebring, along with a win in Australia’s legendary Bathurst 1000 race.
Penske Entertainment Corp., a subsidiary of Penske Corporation, owns the Indianapolis Motor Speedway, the NTT INDYCAR SERIES and IMS Productions. The Indianapolis Motor Speedway has hosted the world’s largest single-day sporting event – the Indianapolis 500 Mile Race – for more than 100 years. The venue has also hosted NASCAR, Formula One and other racing series events throughout its storied history. The NTT INDYCAR SERIES continues to be the premier open-wheel racing series in North America and is one of the most competitive championships in the world. IMS Productions is a leading video services and production company.
MARK D. MILES
President and Chief Executive Officer, Penske Entertainment Corp.
Mark D. Miles is president and chief executive officer of Penske Entertainment Corp., comprised of the Indianapolis Motor Speedway (IMS), INDYCAR and IMS Productions (IMSP). Penske Entertainment Corp. is a subsidiary of Penske Corporation, a global transportation, automotive and motorsports leader employing more than 60,000 people worldwide.
From January 2013 to January 2020, Miles was president and chief executive officer of Hulman & Company, the previous parent organization of IMS, INDYCAR and IMS Productions. During this time, Miles and his leadership team presided over the sold-out 100th Running of the Indianapolis 500-Mile Race and several years of attendance and viewership growth for the NTT INDYCAR SERIES.
Prior to entering the world of motorsports, from January 2006 through December 2012, Miles was president and chief executive officer of Central Indiana Corporate Partnership, Inc. (“CICP”), a non-profit, regional alliance of corporate CEOs and university presidents focused on long-term growth and economic development throughout the Central Indiana region, including strategic priorities as wide-ranging as human capital (education), entrepreneurship and innovation, government reform and mass transit.
In 2008, Miles led a successful effort to earn Indianapolis the right to host Super Bowl XLVI. He was chairman of the board of the 2012 Super Bowl Host Committee, with 18 staff members and thousands of volunteers, and which served as an extension of the National Football League in the local community to centralize planning and execution of the 2012 Super Bowl event.
In conjunction with the 2012 Super Bowl, Miles spearheaded a civic effort known as the Legacy Project to effect positive change throughout the surrounding community. Legacy Project work done on the Near Eastside of Indianapolis created a lasting legacy and impact far beyond game week – with special emphasis on Youth Education Town and revitalization of the East 10th Street business district.
From August 1990 through 2005, Miles was chief executive officer of the Association of Tennis Professionals (ATP). While there, Miles built the ATP into a world-class, professional organization, stabilized a sport that was struggling to compete with other sports and entertainment entities, posted impressive revenue gains, launched innovative marketing initiatives and expanded its global presence through successful events in Asia, the Middle East and Latin America.
During his years with the ATP, prize money rose from $47 million to $85 million, and long-term commercial sponsorships were put into place, with Mercedes-Benz being established as the ATP’s Premium Partner in 1996. He helped to forge closer ties with the game’s other governing bodies and, along with the ITF, helped return tennis to the Olympics and strengthened the sport’s prominence through the awarding of ATP ranking points for the competition.
In 1984, Miles was chosen to organize and produce the Pan American Games, scheduled to be held in Indianapolis in 1987. As president of the organizing body, he led the $100 million event with 38,000 volunteers and staged the most successful Pan Am Games in history.
From 1985 until 1990, Miles was president and volunteer tournament director of the ATP Indianapolis tournament, where he oversaw its transition from clay to hard courts, while doubling revenues through record ticket sales and sponsor support. Under his leadership, the tournament was awarded the first of 10 consecutive ATP Tournament of the Year awards – an award chosen by the players.
From 1988 to 1990, Miles served as executive director of corporate relations for Eli Lilly and Company, an international pharmaceutical, medical instrument and agricultural chemical company headquartered in Indianapolis.
Miles serves on the board of LDI, Ltd., a century-old family office, funding and operating customer-focused, middle-market company. Miles serves on numerous civic and non-profit boards and committees.
Miles earned his bachelor’s degree from Wabash College and is a member of the Wabash College Athletic Hall of Fame.
Mark and his wife, Helen, have four children and five grandchildren and reside in Indianapolis.
JAY FRYE
President, INDYCAR
Jay Frye’s tenure as president of INDYCAR has coincided with many impactful moves in essential facets for North America’s premier open-wheel sanctioning body.
Named president in December 2018 after spending the previous three years as INDYCAR’s president of competition and operations, Frye has made significant contributions for both the commercial and competition sides of the business.
NTT, a Fortune Global 500 global informational technology and communications leader, opened the 2019 season as the new series title sponsor. Frye initiated and consummated this multiyear deal that was pivotal to the future growth of the series.
As an indicator of overall series health, 2021 featured entry lists as high as 28 at several NTT INDYCAR SERIES events. It was the highest car counts, outside of the Indianapolis 500 presented by Gainbridge, in over a decade.
In May 2019, Frye spearheaded a partnership with Red Bull Advanced Technologies to design the aeroscreen, an industry-changing, total driver cockpit safety solution, which debuted in the 2020 NTT INDYCAR SERIES season. The innovative addition to the open-wheel cars proved extremely effective in competition when put to the test.
In October 2020, the NTT INDYCAR SERIES’ engine manufacturers Chevrolet and Honda extended their long-term agreements with the series. Additionally, Frye is leading the charge on a new engine set to debut in 2023. The 2.4 liter, twin-turbocharged V-6 engine with hybrid technology will further Frye’s mission to advance the series in a sustainable way while staying authentic to the sound of the sport.
In addition, in 2016, Frye introduced an effective rolling five-year plan that serves as a strategic blueprint and assists in cost containment for the teams moving into the future. The impetus for the plan was built around the introduction and successful implementation of the AK-18 universal aero kits in 2018.
That initial five-year plan has extended through the 2026-2028 seasons of the NTT INDYCAR SERIES, where Frye has set the series up to continue to succeed strategically and competitively.
For his accomplishments and leadership, he was recognized by Autosport on its prestigious 2019 Motorsports Power List covering the 50 most powerful people in global motorsport.
Frye joined the company in 2013 as chief revenue officer of Hulman Motorsports and led the combined team of INDYCAR and Indianapolis Motor Speedway sponsorship sales, licensing and account services.
Prior to joining Hulman & Co., Frye flourished in team management roles in the NASCAR industry. He was vice president and general manager for Red Bull Racing’s NASCAR team (2008-2011) and was named 2008 NASCAR Executive of the Year by ESPN and the Kansas City Star. From 1996-2007, Frye was chief executive officer and general manager of MB2 Motorsports, a team he created and built.
Before his executive roles with NASCAR teams, Frye worked at Valvoline Racing, and his extensive sales and marketing experience began with a variety of roles at Anheuser-Busch Inc.
Frye, a native of Rock Island, Illinois, graduated with a marketing/education degree from the University of Missouri, where he played tight end and offensive tackle for four years on the Tigers’ football team. He and his wife, Danielle, have two daughters.
ALLISON MELANGTON
Sr. Vice President, Penske Entertainment Corp.
Allison Melangton was named senior vice president of Penske Entertainment in October 2020. She is responsible for the oversight of several business areas within the Indianapolis Motor Speedway and NTT INDYCAR SERIES, including marketing, communications, video content production and corporate partnerships, as well as human resources for Penske Entertainment.
Melangton joined Penske Entertainment, formerly Hulman & Co., in November 2014 as senior vice president of events. Her responsibilities included the overall production of major events at the Racing Capital of the World, as well as special NTT INDYCAR SERIES events such as the preseason kickoff and postseason celebration.
Most notably, Melangton led the planning and execution of the 100th Running of the Indianapolis 500 in 2016, which was recognized as Sports Business Journal’s Sports Event of the Year and featured the event’s first-ever sold-out crowd since its inception in 1911.
Melangton served on the Executive Leadership team of Indiana Sports Corp. for 20 years, serving the final two years as president from September 2012 until October 2014. She spent four of those years serving as CEO and president of the 2012 Indianapolis Super Bowl Host Committee from 2008-2012.
Melangton was honored with a “Sagamore of the Wabash” by Indiana Governor Mitch Daniels in 2012 and recognized as a “Living Legend” by the Indiana Historical Society in 2014. Sports Business Journal, the nation’s industry-leading publication, named Melangton a recipient of its “Game Changers” award in 2012. In 2017, Melangton received recognition for two Lifetime Achievement Awards, the Jefferson Award for Community Impact and College Mentors for Kids.
Melangton also serves on the board of directors for OneAmerica Financial Partners, Inc., the 2022 College Football Playoff, the 2024 NBA All-Star Game, the St. Vincent Foundation, the 500 Festival and the Indianapolis Economic Club.
Melangton was nationally recognized with the 2011 FBI Director’s Community Leadership Award for working as a liaison between the NFL and the Indianapolis community for the 2012 Super Bowl.
Additionally, Melangton has worked nine Olympic Games, including six as an associate producer for the gymnastics broadcast by NBC Sports, with the most recent being the 2016 summer games in Rio de Janeiro. She has won five Emmy Awards for her work as a member of the NBC Sports broadcast team.
Melangton is a graduate of Colorado State University with a Bachelor of Arts in sports administration. Melangton and her husband, Tom, have one son.