Team Penske (formerly Penske Racing) is an American professional racing team that competes in the IndyCar Series and NASCAR. Debuting at the 1966 24 Hours of Daytona, the team has also competed in various other types of professional racing such as Can Am, Trans Am and Formula One. Team Penske is a division of Penske Corporation, and is owned and chaired by Roger Penske. The team president is Tim Cindric.
Tim Cindric (born 1968) is the President of Team Penske. A native of Indianapolis, he is an alumnus of Rose-Hulman Institute of Technology, where he was a four year basketball letterman in 1990. He was promoted to the position of president at Penske Racing in January 2006.
He also serves as strategist for the Penske owned IndyCar team of Will Power. The team won the IndyCar championship for the 2014 season.
Penske has been involved with IndyCar racing since 1968, when they first fielded a stock block-powered Eagle with Mark Donohue. The team first competed at Indianapolis in 1969, and within three years had become the team to beat, winning the race with Donohue in 1972.
In 1978, Roger Penske along with Pat Patrick, Dan Gurney, and several other team owners who had been participating in USAC events involving cars known as Champ Cars and IndyCars formed Championship Auto Racing Teams (CART).
As of June 27, 2015, Penske Racing has won the Indianapolis 500 16 times, won the Indianapolis 500 pole position 17 times, as well as 177 open wheel IndyCar wins in USAC, CART and IRL, 29 of which are in 500-Mile Races and 13 open wheel championships.
In 2001, team Penske marked its return to the Indy 500 after a five-year absence due to the open wheel split, after the 1995 PPG IndyCar World Series season. Later, in 2001 Roger Penske announced he would leave CART for the IRL IndyCar Series.
Page worked both CART and IRL events from 1996-1998, then for a brief time from 1999-2001 was shifted to CART events exclusively. He moved back to full-time covering the IRL/IndyCar for 2002 when ABC/ESPN dropped CART/Champ Car from its lineup.