Team Penske Executive and Leadership Team

November, 2026

Leadership Overview

Team Penske has 6 executives leading key functions including corporate strategy, financial oversight, IndyCar operations, general management, IROC administration, and technical racing leadership.

Renowned for excellence in professional motorsports, Team Penske maintains a commitment to technical innovation and consistent performance across major international racing series and prestigious endurance championships.

Leadership Roles at Team Penske

  • Chief Executive Officer - Ted Lawless
  • Chief Financial Officer - David Hoffert
  • President (Indy Car Program) - Tim Cindric
  • President - Simon Pagenaud
  • President, The International Race of Champions (Iroc) - Jay Signore
  • President - Jonathan Diuguid
  • Ted Lawless - Chief Executive Officer

    Ted Lawless, the Chief Executive Officer at Team Penske, directs the overarching strategic vision for the entire motorsports organization. Lawless manages high-level partnerships and ensures the alignment of all racing divisions with long-term corporate objectives. By overseeing the integration of engineering resources and vehicle preparation facilities, the Chief Executive Officer maintains the competitive edge required for success in NASCAR and IndyCar. This leadership role involves constant evaluation of market trends and technical advancements to sustain the organization's status as a premier racing entity. Ted Lawless drives the expansion of the brand across North American and international circuits, ensuring that every team operates with maximum efficiency. Through rigorous oversight of operational budgets and resource allocation, the Chief Executive Officer secures the financial and technical foundation necessary for consistent podium finishes in major endurance championships.

    David Hoffert - Chief Financial Officer

    David Hoffert, the Chief Financial Officer at Team Penske, manages the fiscal health and economic strategy of the organization. Hoffert oversees all capital investments related to vehicle development and race operations, ensuring that engineering teams possess the necessary resources for peak performance. The Chief Financial Officer monitors revenue streams from sponsorships and racing series payouts, balancing these against the high costs of maintaining state-of-the-art facilities. By implementing robust financial controls, David Hoffert supports the long-term sustainability of the racing programs. This role requires close collaboration with other executives to prioritize spending on technical innovation and track-side logistics. Through precise financial planning and risk management, the Chief Financial Officer enables the organization to navigate the volatile economic landscape of professional motorsports while maintaining a competitive presence in global racing events.

    Tim Cindric - President (Indy Car Program)

    Tim Cindric, the President (Indy Car Program) at Team Penske, directs all operational and strategic aspects of the IndyCar racing division. Cindric manages the technical development of race cars and coordinates the complex logistics required for competing in the Indianapolis 500 and other major series events. The President (Indy Car Program) oversees the engineering staff and race-day personnel, ensuring that every vehicle meets the highest standards of performance and safety. By refining race strategies and optimizing team communication, Tim Cindric drives the division toward consistent victories. This leadership role involves managing relationships with engine manufacturers and technical partners to maintain a competitive advantage. Through meticulous attention to detail and a focus on continuous improvement, the President (Indy Car Program) ensures that the organization remains a dominant force in open-wheel racing across North American circuits.

    Simon Pagenaud - President

    Simon Pagenaud, the President at Team Penske, focuses on the development and optimization of sports car racing initiatives. Pagenaud oversees the integration of advanced vehicle dynamics and driver performance metrics to enhance the organization's capabilities in endurance championships. The President coordinates with engineering teams to refine car setups and improve reliability for long-distance events. By leveraging deep knowledge of racing mechanics, Simon Pagenaud drives the strategic direction of the sports car program, ensuring alignment with the broader goals of the company. This leadership role involves mentoring technical staff and fostering a culture of precision and speed. Through the management of specialized racing assets and the execution of complex race-day tactics, the President secures the organization's reputation for excellence in the highly competitive sports car racing landscape.
    Simon Pagenaud

    Jay Signore - President, The International Race of Champions (Iroc)

    Jay Signore, the President, The International Race of Champions (Iroc) at Team Penske, manages the administrative and operational framework of the IROC program. Signore oversees the preparation of standardized vehicles and ensures that all technical specifications meet the rigorous requirements of the series. The President, The International Race of Champions (Iroc) coordinates the logistics of race events and manages the relationships with participating drivers and stakeholders. By maintaining the integrity of the competition, Jay Signore drives the success of the IROC brand within the broader motorsports ecosystem. This leadership role involves overseeing the maintenance of specialized racing fleets and ensuring that all operational protocols align with the company's high standards. Through effective management of the series' unique requirements, the President, The International Race of Champions (Iroc) supports the organization's commitment to diverse and high-quality racing experiences.

    Jonathan Diuguid - President

    Jonathan Diuguid, the President at Team Penske, directs the operational scaling and infrastructure development for the organization's diverse racing teams. Diuguid oversees the modernization of vehicle preparation facilities and ensures that engineering departments utilize the latest data analytics to improve performance. The President manages the cross-functional teams responsible for race-day logistics and technical support, ensuring seamless execution across multiple racing disciplines. By optimizing internal processes and resource distribution, Jonathan Diuguid drives the efficiency of the entire organization. This leadership role involves coordinating with other executives to align technical capabilities with the company's long-term growth objectives. Through the implementation of advanced operational strategies, the President ensures that the organization maintains its competitive edge and continues to deliver high-performance results in every racing category in which the company competes.
    Jonathan Diuguid

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    Frequently Asked Questions Regarding Team Penske Top Executives and Leadership Team

    Who leads Team Penske?
    Team Penske is led by Ted Lawless (Chief Executive Officer), along with executives such as David Hoffert (Chief Financial Officer) and Tim Cindric (President (Indy Car Program)).
    Who is part of Team Penske’s executive team?
    The executive team of Team Penske includes leaders such as Ted Lawless (Chief Executive Officer), David Hoffert (Chief Financial Officer), Tim Cindric (President (Indy Car Program)) and other senior executives.
    How many executives does Team Penske have?
    Team Penske has 6 executives leading key business areas.
    What roles are included in Team Penske’s leadership team?
    The leadership team of Team Penske includes roles such as Chief Executive Officer, Chief Financial Officer, President (Indy Car Program), President, President, The International Race of Champions (Iroc).