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Roger Penske

From Wikipedia, the free encyclopedia
American racing driver and businessman (born 1937)

Roger Penske
Penske in 2023
BornRoger Searle Penske
(1937-02-20)February 20, 1937 (age 88)
Shaker Heights, Ohio, U.S.
RelativesGregory Penske (son)
Jay Penske (son)
Formula One World Championship career
NationalityUnited States American
Active years19611962
TeamsNon-worksCooper andLotus
Entries2
Championships0
Wins0
Podiums0
Careerpoints0
Pole positions0
Fastest laps0
First entry1961 United States Grand Prix
Last entry1962 United States Grand Prix
1994 Indy 500 winning Penske PC23 driven by Al Unser Jr.
Penske in 2005

Roger Searle Penske (born February 20, 1937), also known as "the Captain", is an American auto racing team owner, businessman, and former professional driver. Penske is the owner ofTeam Penske, theIndianapolis Motor Speedway,IndyCar, and other auto racing-related businesses. Penske is the founder and chairman of thePenske Corporation, a holding company for his various businesses. Penske is also aPresidential Medal of Freedom recipient.

Early life and education

[edit]

Penske was born inShaker Heights, Ohio, in 1937[1] into a devoutEpiscopalian family. He was heavily involved with his church as a boy, singing in the church's choir and serving in the ministry as anacolyte.[2] His father Jay was a successful corporate executive for a metal fabrication company who encouraged his son to become an entrepreneur.[3] As a teenager he bought older cars, repaired them and sold them at a profit from his family's home outside Cleveland, Ohio.[4]

After graduating fromShaker Heights High School in 1955, he matriculated atLehigh University, where he was a member of thePhi Gamma Delta fraternity, and he graduated in 1959.[5]

Racing career

[edit]

Penske's first racing venture was in hillclimbing, but then ran road course racing at the Vineland Raceway inVineland, New Jersey, as a member of the Philadelphia Region of theSports Car Club of America (SCCA) inPorsches.[6] Penske made his first professional racing start at the now-abandonedMarlboro Motor Raceway inUpper Marlboro, Maryland.

Sports Illustrated named him SCCA Driver of the Year in 1961.[7] He competed in two Formula One Grands Prix and won a NASCAR Pacific Coast Late Model race at Riverside in 1963. He never ran theIndianapolis 500: he was offered a rookie test at Indianapolis with the Dean Van Lines team.[8]

Penske continued racing until 1965, when he retired as a driver, to concentrate on his first Chevrolet dealership inPhiladelphia, Pennsylvania.[9]

Business career

[edit]

During college, Penske worked at Alcoa as an intern, and joined them as a sales engineer in 1959 after graduating, while also pursuing a career in race-car driving where he met people involved in Chevrolet. In 1963, he left Alcoa to become a manager of a Chevrolet dealership in Philadelphia, which he bought a year later with a loan from his father.[10] He shifted his focus away from race-car driving to the dealership after the purchase.[10]

In 1969, he founded Penske Truck Leasing inReading, Pennsylvania by purchasing a truck rental and leasing business with three locations serving eastern Pennsylvania.[11]

Racing teams

[edit]

Penske Racing debuted in 1966 at the24 Hours of Daytona.[12] He developed one of the most successful teams inIndyCar Series andNASCAR racing. He is the most successful team owner at the Indianapolis 500 with 20 victories. He is known by his nickname of "The Captain".[13] Penske also served as a race strategist for his IndyCar team, most recently for driverWill Power.[14]

Penske won his first NASCAR Sprint Cup Championship with driverBrad Keselowski on November 18, 2012.[15]

On September 16, 2018, driver Brad Keselowski won the South Point 400 atLas Vegas Motor Speedway, giving Penske his 500th race victory as an owner across all racing series. Later the same season,Joey Logano would clinch the championship atHomestead-Miami Speedway, winning Penske his second championship in the Cup series.[16]

Penske Corporation

[edit]

Penske is chairman ofPenske Corporation, based inBloomfield Hills, Michigan. Some of the company's holdings include a significant stake in publicly tradedPenske Automotive Group, an international company that operates automobile dealerships in the United States, Canada, and parts of Europe;Penske Truck Leasing, a truck sales, leasing, and fleet maintenance company;Penske Motor Group which operates auto dealerships in California and Texas. On November 4, 2019, Penske acquired theIndianapolis Motor Speedway, a 2.5-mile course inSpeedway, Indiana, theIndianapolis 500 andIndyCar from the Hulman Family for an undisclosed amount.[17]

Personal life

[edit]

Penske was married to Lisa Stouffer, daughter ofGordon Stouffer,[18] with whom he had two sons, Roger Jr. and Gregory.[19]Gregory is vice chair of the board ofPenske Automotive Group and CEO ofPenske Motor Group,[20] and Roger Jr. owns several automotive dealerships.[21] Penske was later married to Kathryn Penske (née Hulbert),[18][22] and the couple have three children: Jay, Mark, and Kathryn Blair.[23][24]Jay is the owner ofPenske Media Corporation.[25] Roger Penske received a kidney transplant from his son Greg in 2017.[26]

As of October 2023, Penske's estimated net worth is $3.8 billion.[27]

Penske (right) with President Donald Trump (center) and racing driverJoey Logano (left) on the White House south lawn in 2019
Penske (left) with President Donald Trump (right) at The White House in 2025

Penske Racing donated $500,000 toRestore Our Future,Mitt Romney'sSuper PAC.[28] He was discussed as a potential candidate forMayor of Detroit but declined to run.[29] Penske endorsedDonald Trump in the2020 United States presidential election after receiving thePresidential Medal of Freedom in 2019.[30] He contributed $45,000 toDonald Trump's2020 presidential campaign.[31] On April 9, 2025, Penske and his NASCAR, IndyCar andIMSA SportsCar Championship drivers and cars visited the White House.[32] Trump was invited to the2025 Indianapolis 500 by Penske, but did not attend.[33]

Awards and honors

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Auto racing

Halls of Fame

National

Motorsports career results

[edit]

Complete Formula One World Championship results

[edit]
YearEntrantChassisEngine123456789WDCPoints
1961John M Wyatt IIICooperT53ClimaxStraight-4MONNEDBELFRAGBRGERITAUSA
8
NC0
1962Dupont Team ZerexLotus24ClimaxV8NEDMONBELFRAGBRGERITAUSA
9
RSANC0
Source:[41]

24 Hours of Le Mans results

[edit]
YearTeamCo-DriversCarClassLapsPos.Class
Pos.
1963United StatesNorth American Racing TeamMexicoPedro RodríguezFerrari 330 TRI/LMP +3.0113DNFDNF
Sources:[42][43]

12 Hours of Sebring results

[edit]
YearTeamCo-DriversCarClassLapsPos.Class
Pos.
1961United StatesBrumos Porsche CompanyUnited States Bob HolbertPorsche 718 RS 61S1.61995th1st
1962United StatesBriggs CunninghamNew ZealandBruce McLarenCooper Monaco T57MaseratiS3.01905th2nd
1963United StatesMecom Racing TeamUnited StatesAugie PabstFerrari 250 GTOGT3.02034th1st
1964United States McKean Chevrolet, Inc.United StatesJim HallChevrolet Corvette Grand SportP+3.017718th4th
Sources:[44]

Other events

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Bibliography

[edit]

References

[edit]
  1. ^"2009 Kronk Gym Foundation Honorees: Roger Penske"(PDF).kronkgymfoundation.org. Kronk Gym Foundation. Archived fromthe original(PDF) on July 27, 2011. RetrievedJanuary 1, 2011.
  2. ^"News & Announcements".HoratioAlger.org.Archived from the original on August 2, 2024. RetrievedApril 9, 2024.
  3. ^"Roger Penske Sports Biography, Photos & Rise To Success".ca.askmen.com. February 20, 1937. Archived fromthe original on October 24, 2014. RetrievedJanuary 1, 2011.
  4. ^"Gale Encyclopedia of Biography: Roger Penske".Answers.com.Archived from the original on April 9, 2009. RetrievedJanuary 1, 2011.
  5. ^"Roger Penske".Forbes. August 10, 2017. RetrievedAugust 10, 2017.
  6. ^"293 - Roger Penske: The Captain".iHeartRadio. Dirty Mo Media. April 13, 2020. RetrievedApril 14, 2020.
  7. ^"Penshe Drives at Bridgehampton".The Journal News. May 21, 1962. RetrievedJuly 23, 2020 – via Newspapers.com.
  8. ^"Insight: The Penske/Porsche link spans more than 60 years".racer.com. October 21, 2022. RetrievedOctober 27, 2022.
  9. ^"#382 Roger Penske".Forbes. 2017. Archived fromthe original on May 19, 2006. RetrievedAugust 10, 2017.
  10. ^ab"Roger S. Penske Horatio Alger Award Recipient Class of 2017".Horatio Alger. August 13, 2025. RetrievedAugust 17, 2025.
  11. ^"Penske Truck Leasing Celebrates 50th Anniversary - Penske Truck Leasing".www.pensketruckleasing.com. RetrievedAugust 17, 2025.
  12. ^"Year-by-Year Highlights: 1965 - 2018".teampenske.com.Archived from the original on June 19, 2025. RetrievedNovember 22, 2019.
  13. ^James, Brant (March 4, 2013). "Long-Range Vision".Autoweek. Vol. 63, no. 5. pp. 54–60.
  14. ^"IndyCar: Without Hélio, Team Penske moves on".autoweek.com. February 11, 2018. RetrievedSeptember 19, 2018.
  15. ^"Brad Keselowski clinches first Cup title after Johnson exits".USA Today.Archived from the original on April 8, 2023. RetrievedJune 24, 2019.
  16. ^"Joey Logano wins 2018 Monster Energy Series title".Official Site Of NASCAR. November 18, 2018. RetrievedJune 24, 2019.
  17. ^"Roger Penske buys Indianapolis Motor Speedway, IndyCar Series from Hulman family".CBS Sports. November 4, 2019. RetrievedNovember 7, 2019.
  18. ^abWoodruff, David (October 17, 1994)."Talk About Life In The Fast Lane".Bloomberg.
  19. ^Smith, Steven Cole (November 5, 2019)."Here's how the Penske deal to purchase IndyCar, Indianapolis Motor Speedway came together".Autoweek.Archived from the original on March 23, 2023. RetrievedAugust 12, 2025.
  20. ^Howe, Gail Kachadourian (February 10, 2023)."Penske Automotive Group names Greg Penske vice chairman".Automotive News. RetrievedAugust 12, 2025.
  21. ^"Roger Penske would like to rule forever, but who will eventually be the next Captain?".Autoweek.Archived from the original on July 14, 2023. RetrievedAugust 12, 2025.
  22. ^"'Friend of Golf,' Carl Hulbert Passes Away". RetrievedAugust 12, 2025.
  23. ^Martin, Bruce (May 27, 2022)."A new car, the field of 33, succession plan: Roger Penske addresses IndyCar's big issues".NBC Sports. RetrievedAugust 12, 2025.
  24. ^"WEDDINGS/CELEBRATIONS; Blair Penske, Brandon Hall (Published 2003)". July 13, 2003. RetrievedAugust 12, 2025.
  25. ^Rosman, Katherine (March 26, 2022)."You Don't Know Much About Jay Penske. And He's Fine With That".The New York Times. RetrievedAugust 12, 2025.
  26. ^Fryer, Jenna (March 8, 2019)."Roger Penske received kidney from son in 2017 at Mayo Clinic".Associated Press.Archived from the original on April 20, 2021. RetrievedAugust 12, 2025.
  27. ^"Roger Penske".Forbes. 2023.Archived from the original on February 9, 2023. RetrievedOctober 17, 2023.
  28. ^Lane, Amy (October 28, 2012)."Penske drives to the lead of super PAC list".Crain's Detroit Business. RetrievedDecember 1, 2013.
  29. ^Welch, William M. (August 20, 2011)."Time to draft Roger Penske for president?".USA Today. RetrievedDecember 1, 2013.
  30. ^Ziegler, Sara (October 28, 2020)."Inside The Political Donation History Of Wealthy Sports Owners".FiveThirtyEight.Archived from the original on November 18, 2020. RetrievedJanuary 13, 2022.
  31. ^"Here Are The Billionaires Who Donated To Donald Trump's 2020 Presidential Campaign".Forbes.Archived from the original on May 17, 2024. RetrievedMarch 27, 2024.
  32. ^Payne, Henry."Team Penske revs the White House, Team Trump roils the Dow".The Detroit News. RetrievedJune 6, 2025.
  33. ^"President Donald Trump won't attend Indy 500, despite Roger Penske's invitation".IndyStar. RetrievedJune 6, 2025.
  34. ^abcdefRoger Penske Drive
  35. ^"Golden Plate Awardees of the American Academy of Achievement".achievement.org.Archived from the original on December 15, 2016. RetrievedAugust 26, 2020.
  36. ^"2018 Spirit of Competition Award".simeonemuseum.org. RetrievedOctober 17, 2018.
  37. ^Roger Penske at theMotorsports Hall of Fame of America
  38. ^Brudenell, Mike (July 23, 2015)."Penske credits humble beginnings on Automotive HOF night".Detroit Free Press.Archived from the original on August 19, 2015. RetrievedMarch 5, 2016.Local racing mogul honored in ceremony
  39. ^"Roger Penske".Hall of Fame Inductees. Automotive Hall of Fame. Archived fromthe original on March 19, 2016. RetrievedMarch 5, 2016.
  40. ^"Inaugural Class of Trans Am Hall of Fame Revealed".Speed Sport. February 5, 2025. RetrievedFebruary 5, 2025.
  41. ^Small, Steve (1994).The Guinness Complete Grand Prix Who's Who. Guinness. p. 284.ISBN 0851127029.
  42. ^"Roger Penske".Automobile Club de l'Ouest. RetrievedJune 7, 2023.
  43. ^"Roger Penske Results". Motorsport Stats. RetrievedJune 7, 2023.
  44. ^"All Results of Roger Penske". Racing Sports Cars. RetrievedJune 16, 2025.

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