I want to thank Dick for everything he has done for Champ...

I want to thank Dick for everything he has done for Champ Car. He has been one of the most important factors in rebuilding Champ Car and I know he will continue to contribute to our success. A planned succession such as this will enable Champ Car to continue to build upon the very significant momentum it has developed. I believe Steve will step right in and continue to grow Champ Car. He has a proven track record and I'm very excited that he is coming on board.