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. Contrary to rumors, Andretti firmly denies being pushed out by IndyCar Series owner Roger Penske, insisting the decision was a personal choice made in light of his evolving life priorities.
The 62-year-old racing legend, who has been at the helm of Andretti Global since its inception in 2002, explained that it was simply the right time for a change. “It’s not because of Roger Penske, it’s because of me,” Andretti told the Associated Press (AP). “At 62, I’ve spent my whole life in racing, and now I have other priorities. I have 10-year-old twins, and I just became a grandfather.”
Towriss, who has steadily increased his involvement with Andretti Global over the past two years, officially became a co-owner, acquiring a significant stake in the organization. Together, Towriss and Andretti are quick to dispel rumors suggesting that Andretti was forced out. “This restructuring has been months in the making, and I’m still very much involved as an advisor and ambassador for the team,” Andretti confirmed.
The timing of this news, which leaked through a report from Sportico—owned by Penske’s son, Jay—coincided with a new charter agreement for IndyCar team owners. Speculation arose when Towriss signed the agreement on behalf of Andretti Global, prompting a flurry of rumors. But Towriss and Andretti emphasize that this was a planned transition, not a hostile takeover.
“We didn’t say that Michael no longer owns the team,” Towriss clarified. “We’ve restructured the ownership, yes, but Michael still has a financial interest. The decision was mutual, and we’re both happy with the outcome.”
Amid the leadership changes, Andretti Global continues to field competitive teams across multiple series, including IndyCar, where Colton Herta recently secured second place in the championship. Despite losing sponsor DHL to Chip Ganassi Racing and scaling back from four cars to three, Towriss is confident in the team’s future. “We’re not a ‘B Team’ in IndyCar,” Towriss asserted. “We can still compete with the likes of Penske and Ganassi.”
As Andretti steps into a new role as an advisor and ambassador, the future of Andretti Global remains bright under Towriss’ leadership. The team’s ongoing F1 ambitions, while clouded by resistance from the F1 establishment, may also see new momentum with Towriss at the helm.
For Andretti, the upcoming Indianapolis 500—where his son Marco will drive—remains a key date on his calendar. Beyond that, the man who has dedicated his life to racing is ready to enjoy other aspects of life, while still keeping one foot firmly in the world of motorsport.
