He was previously on the board of The Home Depot and Delphi Automotive before resigning to chair the Detroit Super Bowl Committee. Penske is a corporate director at General Electric and was chairman of Super Bowl XL in Detroit, Michigan. In 2019, Penske purchased the Indianapolis Motor Speedway and NTT Ind圜ar Series from Hulman & Company for an undisclosed sum.

In addition, Penske also served as a race strategist for his Ind圜ar team, most recently for driver Will Power. He is known by his nickname of 'The Captain'. He is the most successful owner in the Indianapolis 500 with 18 victories. After retiring from driving a few years later, he created one of the most successful teams in Ind圜ar Series and NASCAR racing. Sports Illustrated named him Sports Car Club of America Driver of the Year in 1961. He is most famous for his ownership of Team Penske, DJR Team Penske, the Penske Corporation, the Indianapolis Motor Speedway, Ind圜ar, and other automotive-related businesses. 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.