• Grand Prix of America

President of New Jersey GP to resign

ESPN Staff
August 21, 2012 « Alonso faces difficult fight for title - Button | Caterham completes Leafield move »
A rendering of the proposed pit and paddock complex in New Jersey © Getty Images

The president of the Grand Prix of America in New Jersey will resign at the end of the month.

Tom Cotter, who will return to work at his motorsports promotion company in North Carolina, was appointed president in January and was among the main figures spearheading the 2013 race. In a statement he said he had no doubt that the grand prix on the banks of the Hudson River would go ahead as planned.

"I have full faith in the Grand Prix of America team and look forward to sitting in the grandstands at a world-class race in 2013," Cotter said.

Race chairman and one of the main investors Leo Hindery Jr. thanked Cotter for his involvement.

"We're all thankful for Tom's leadership in bringing Formula One to Port Imperial," he said. "During his stewardship we've made great progress and are less than a year away from the sport's top racers speeding around a street course with New York City in the background. We wish our friend Tom the best as he returns home to North Carolina."

The New York Times reported that Cotter's role will be absorbed by Dennis Robinson, the chief operations officer of the grand prix, and Richard Goldschmidt, the special advisor to Hindery.