Roger Penske
Chairperson of the Penske Corporation
Education
- graduated - Shaker Heights High i Lehigh University
Overview
Roger Searle Penske is an American businessman the Penske Corporation, the Indianapolis Motor Speedway, IndyCar, and other penske automotive group ( PAG )businesses.
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. He has an estimated net worth of $1.83 billion as of 2018
Penske is chairman of Penske Corporation, based in Bloomfield Hills, Michigan. Some of the company's holdings include 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 has dealerships in California and Texas. On November 4, 2019 Penske purchased 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.
Early Life
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 in 1955, and is a 1959 graduate of Lehigh University, where he was a member of Phi Gamma Delta
Penske has five children, two with first wife Lissa and three with second wife Kathy: Roger Jr, Gregory, Blair, Mark, and Jay Penske.An avid car collector, he owns many rare American and European automobiles, including a Ferrari FXX, of which only 30 were made.
Career
- Penske Automotive Group - CEO
Other Activites
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 he declined to run. Penske endorsed Donald Trump in the 2020 United States presidential election
Recognition
Penske was awarded the Presidential Medal of Freedom in 2019 by President Donald Trump