Oriol Servia gives up Formula E seat to become partner and managing director for Dragon Racing

IndyCar driver Oriol Servia has been named partner and managing director of Dragon Racing, the motorsports team owned by Jay Penske.

Servia had been driving Penske's entry in the inaugural FIA Formula E championship, but will turn the car over to Loic Duval for Saturday's race in Miami. Duval, who will team with Jerome d'Ambrosio, was part of the winning team at the 24 Hours of Le Mans in 2013.

Servia will move into a management role for Dragon alongside current managing director Paul Woolnough. In his new position, Servia will be responsible for the management of Dragon Racing's technical operations and developing its commercial relationships.