Team Penske (formerly Penske Racing) is an American professional racing team that competes in the IndyCar Series and NASCAR. Debuting at the 1966 24 Hours of Daytona, the team has also competed in various other types of professional racing such as Can Am, Trans Am and Formula One. Team Penske is a division of Penske Corporation, and is owned and chaired by Roger Penske. The team president is Tim Cindric.