Roger Penske Jr

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Nach dem Ende seiner aktiven Karriere konzentrierte sich Penske zunächst auf die wirtschaftliche Seite seines Rennteams und baute in den folgenden Jahren ein internationales Firmenimperium basierend auf Nutzfahrzeugen und Autohandel auf. Von 1974 bis 1976 setzte er auch ein Team in der Formel 1 ein.Penske is a corporate director at General Electric and was chairman of Super Bowl XL in Detroit, Michigan. He was previously on the board of The Home Depot and Delphi Automotive before resigning to chair the Detroit Super Bowl Committee.Penske Racing donated $500,000 to Restore Our Future, Mitt Romney’s Super PAC. He was discussed as a potential candidate for Mayor of Detroit but declined to run. Penske endorsed Donald Trump in the 2020 United States presidential election after receiving the Presidential Medal of Freedom in 2019.

In 2009, Penske suspended his participation in the ALMS, switching to ALMS’s rival Grand-Am Rolex Sports Car Series for the full season. They used a Porsche-powered Riley with Timo Bernhard and Romain Dumas driving.

Sports Illustrated named him Sports Car Club of America Driver of the Year in 1961. He competed in two Formula One Grands Prix and won a NASCAR Pacific Coast Late Model race at Riverside in 1963. He never ran the Indianapolis 500: he was offered a rookie test at Indianapolis with the Dean Van Lines team, but turned it down. Rookie Mario Andretti stepped in for Penske to take that test.In late 2014, it was announced Penske would take a 51% stake in the Australian V8 Supercars team Dick Johnson Racing, forming DJR Team Penske. The team entered one car in 2015, initially for Marcos Ambrose before he stepped aside to make way for Scott Pye. The team expanded to a second car for New Zealander Fabian Coulthard in 2016, before Pye was replaced with another Kiwi in Scott McLaughlin in 2017. Coulthard won the combined team’s first championship race at the 2017 Tyrepower Tasmania SuperSprint. In 2019 the team won the biggest race of the year, the Bathurst 1000.Roger Searle Penske (born February 20, 1937) is an American businessman and entrepreneur involved in professional auto racing and a retired professional auto racing driver, and a Presidential Medal of Freedom recipient. He is well-known through his ownership of Team Penske, DJR Team Penske, the Penske Corporation, the Indianapolis Motor Speedway, IndyCar, and other automotive-related businesses.

Penske purchased the old Matsushita air conditioning plant in Mooresville, NC, and reconditioned it to consolidate his racing business. All of Penske’s racing operations are under one roof, with his IndyCar, NASCAR, and American Le Mans Series (through 2009) teams sharing over 424,000 square feet (39,400 m) of space encompassing 105 acres (42 ha).On September 16, 2018, driver Brad Keselowski won the South Point 400 at Las 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 at Homestead-Miami Speedway, winning Penske his 2nd Championship in the Cup series.

Penske was born in Shaker Heights, Ohio, in 1937. His father, Jay, was a successful corporate executive for a metal fabrication company and encouraged his son to become an entrepreneur. As a teenager he bought older cars, repaired them and sold them at a profit from his family’s home in Cleveland, Ohio. He graduated from Shaker Heights High School in 1955 and is a 1959 graduate of Lehigh University, where he was a member of Phi Gamma Delta.
Penske is chairman of Penske Corporation, based in Bloomfield Hills, Michigan. Some of the company’s holdings include a significant stake in publicly-traded Penske 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 the Indianapolis Motor Speedway, a 2.5-mile course in Speedway, Indiana, the Indianapolis 500-mile race and IndyCar from the Hulman Family for an undisclosed amount.Penske Racing debuted in 1966 at the 24 Hours of Daytona, after Penske had retired from race driving. His team first competed in the Indianapolis 500 in 1969, winning that event in 1972 with driver Mark Donohue, and their first NASCAR win was in 1973. His teams have won many races in the subsequent years. He closed his European-based Formula One business in 1977.

Penske Racing now operates an IndyCar Series team composed of Josef Newgarden, Scott McLaughlin, and Will Power, and a NASCAR team with drivers Austin Cindric, Joey Logano, and Ryan Blaney. Previously, Penske Racing ran cars in the CART series that included some of the best drivers of the time, including Gary Bettenhausen, Tom Sneva, Mario Andretti, Bobby Unser, Al Unser, Al Unser Jr., Emerson Fittipaldi, Rick Mears, Danny Sullivan, Paul Tracy, Helio Castroneves and Gil de Ferran. After many years of trying, his team won the Daytona 500 in 2008 with Ryan Newman driving. Penske would later win another Daytona 500 in 2015 with Logano behind the wheel.He developed one of the most successful teams in IndyCar Series and NASCAR racing. He is the most successful owner of the Indianapolis 500 with 19 victories. He is known by his nickname of “The Captain”. Penske also served as a race strategist for his IndyCar team, most recently for driver Will Power.

In 2005, Porsche set the stage to make a comeback in sports car racing in the United States and chose Penske Racing to run in the LMP2 class of the American Le Mans Series (ALMS). The Penske Porsches took center stage in 2006, winning immediately, including victories at Mid-Ohio finishing 1-2 ahead of Audi (competing in a higher classification) and the annual Petit Le Mans, a 10-hour showcase event held at Road Atlanta. His team scored an overall victory in the 12 Hours of Sebring in 2008.
Penske also ran a Pontiac Riley Daytona Prototype in the 2008 Rolex 24 at Daytona, with Kurt Busch, Ryan Briscoe, and Hélio Castroneves driving. The car was run in conjunction with Wayne Taylor’s SunTrust Racing. They finished third overall.

Penske’s first racing venture was in hillclimbing, but then ran road course racing in Porsches. Penske made his first professional racing start at the now-abandoned Marlboro Motor Raceway in Upper Marlboro, Maryland.
The website is intended exclusively for private use and under any circumstances it may not be republished, retransmitted in any form, stored in a retrieval system, sold through any media, without the prior written permission of RacingSportsCars and the copyright owner. All data are presented here just for informative use, they cannot be used as a source for any kind of business. Penske Automotive Group, Inc’s most recent insider trade came on June 5, 2023 by Shane M Spradlin who sold 7,535 units worth $1.05M . In the last 15 years, insiders at Penske Automotive Group, Inc have sold an estimated value of $383.86M and bought an estimated value of $328.24M worth of shares. Insider trading is most common in December, with the busiest year in 2016. The most active traders at the company are John Barr, Director, Kimberly McWaters, Director, and Lucio Noto, Director . Roger Penske’s largest purchase order was 1,103,996 units , worth over $50M on October 23, 2017. Roger Penske’s largest sale order was 5,750,000 units , worth over $83.38M on February 5, 2010. In total, Roger Penske has made about 52 transactions over 15 years of their time at Penske Automotive Group, Inc. Roger Penske usually trades in June and February, with the busiest year in 2016. The most recent transaction was a sale order of 86,896 units , worth over $10.06M on June 3, 2022.The current estimated net worth of Penske Automotive Group, Inc’s Chair & CEO, Roger Penske, is estimated to be about $346.31M . Roger Penske owns about 622,721 units of Penske Automotive Group, Inc common stock. In the last 15 years at Penske Automotive Group, Inc, Roger Penske has sold an estimated value of $155.75M worth.

Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year.
A proxy statement (or “proxy”) is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company’s annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.
The chart on this page features a breakdown of the total annual pay for Roger S. Penske, Jr. at PENSKE AUTOMOTIVE GROUP, INC. as reported in their proxy statements.As a member of Board of Directors at PENSKE AUTOMOTIVE GROUP, INC., Roger S. Penske, Jr. made $322,716 in total compensation. Of this total $60,000 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $208,880 was awarded as stock and $53,836 came from other types of compensation. This information is according to proxy statements filed for the 2019 fiscal year.

The proxy statement’s main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.
LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Learn more in our Cookie Policy.Penske’s teams have won 500 major races, 580 pole positions and 34 championships in 53 years. The team also has won 17 Indianapolis 500s. Team Penske won the Cup title last year with Joey Logano.