Michael Andretti steps down as owner of Andretti Global

Daniel Towriss, the CEO of insurance and financial services company called Group 1001 and chief investor of Andretti Global, has taken over the leadership of the company with immediate effect. Michael Andretti, the team's founder and a former racing driver himself, remains attached to the organisation in an advisory and ambassadorial role, but is thus no longer an owner. Andretti Global announced this on Friday.