Tony George.

THE ASSOCIATED PRESS

INDIANAPOLIS -- The Indianapolis Motor Speedway says Tony George has resigned from its board of directors months after he was ousted as the track's CEO.

The resignation also removes George from any remaining role in the family business, Hulman&Co., which runs the speedway.

Company Chairwoman Mari Hulman George announced the resignation in a statement Tuesday.

Tony George remains involved in racing through his Indy Racing League team, Vision Racing. A spokeswoman for the team says he is in Europe on business and not available for comment.

George, who had been the speedway's president for 20 years and formed the IRL in 1994, was removed last year amid concerns among board members about his spending on upgrades at the speedway.