Michael Andretti Steps Down from Andretti Global Ownership, Shifts to Strategic Advisory Role

Michael Andretti Steps Down from Ownership in Andretti Global

Significant Leadership Shift at Andretti Global

Michael Andretti has given up his ownership share in Andretti Global.

Since 2002, Andretti has served as the public face of the company. He will continue to be associated with the organization in a consultative and representative capacity, instead of participating in the day-to-day management of the team.

An announcement made clear that Michael is aiming to shift towards a more strategic position within Andretti Global, reducing his involvement in the day-to-day operations of the racing team.

Michael and Dan Towriss have been collaboratively advancing the development of this innovative structure, a project that Michael is eager to witness evolve under Dan's direction.

Michael will stay involved and continue in his role as a strategic consultant and primary representative. Further details will be shared in the upcoming weeks, once Michael and Dan have had the chance to discuss with the team.

Andretti is descended from motorsport royalty, being the offspring of the celebrated Mario Andretti, who clinched the F1 world championship in

Following the denial of Andretti's proposal to join Formula 1 within the upcoming two years.

The FIA, the governing body, had given the green light for Andretti's venture with General Motors, but it was halted by the commercial rights owners of F1.

F1 concluded that introducing an 11th team would not independently enhance the championship's value, though it remained open to the possibility of a new team joining from 2028 onwards.

F1 stated that it would view an application for entry into the 2028 championship that includes a GM power unit, whether from a GM factory team or a GM-supported team that designs all permissible parts internally, in a new light.

"In this scenario, further elements must be evaluated regarding the benefit the applicant could contribute to the championship. This includes, notably, the introduction of a celebrated new Original Equipment Manufacturer (OEM) [car manufacturer] into the sport as a Power Unit (PU) [engine] provider."

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