CEO Randy Bernard steps down

Updated: October 29, 2012, 5:13 PM ET
By John Oreovicz | ESPN.com

INDIANAPOLIS -- INDYCAR is still not for sale, but it is moving into the future with a new leader.

The Indianapolis Motor Speedway Corporation announced that a special board meeting convened Sunday resulted in the removal of Randy Bernard as INDYCAR CEO.

Bernard is believed to have resigned under pressure after the company that operates the IZOD IndyCar Series failed to post a profit for the third consecutive year of his tenure.

Bernard did help attract two ...

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