Championship Auto Racing Teams, Inc. announced today that team owner Derrick Walker has relinquished his position as a member of the Championshꦕip Auto Racing Teams, Inc. Board of Directors, effective immediately.

In making his decision, Mr. Walker cited that he was sensitive to the potential for an appearance of a conflict of interest in connection with decisions regarding the future of the company, and that he fe⭕lt his resignation was in the best interests of the co𒆙mpany and its shareholders.

Chris Pook, CART's 💫President and CEO, offered his thanks to Mr. Walker for the contributions he made as a 𒅌Board member.

"Mr. Walker has provided the CART Board of Directors with useful insight and expertise during his tenure and will be missed," Pook sꦆaid. "We appreciate the time and effort he has devoted to CART, his wise counsel and his support of the series."