Team Penske founder and owner Roger Penske has confirmed that to avoid a conflict of interest he will step down from his roll of strategist with his NTT IndyCar Series team.

It was announced on Monday that Penske Entertainment a subsidiary of the Penske Corporation have agreed to purchase the Indianapolis Motor Speedway, the NTT IndyCar Series and IMS Productions.

The Captain have served as strategist to Will Power in the No.12 Verizon Chevrolet during the season and for Helio Castroneves during the Indianapolis 500.

Speaking about the announcement during a press conference at the Indianapolis Motor Speedway on Monday, Penske addressed concerns about any potential conflict of interest saying:

Well, I think as you look at the construct as we go forward, the sanctioning body and (NTT IndyCar Series) will be a separate company, and the other assets will be in the speedway.

And I think with the proper board — I think you have to ask our competitors at this point. Tony has been a car owner and we were talking about it today. I think Tony has said all along, Wilbur Shaw or Eddie Rickenbacker have been drivers, so there’s been some history, but I don’t want to leave this conversation without knowing that I understand the integrity, and there’s got to be a bright line, and to me I know what my job is, and hopefully I’ve got enough credibility with everyone that we can be sure that there is not a conflict, and I’ll do my very best to be sure that isn’t. If you think it is, I hope that — I know that you folks will tell me pretty quick. So I’ve got a lot of guys watching me.

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