Andy Lally, a three-time Grand Am champion and five-time Rolex 24 At Daytona winner, will retire from full-time racing after the 2024 Rolex 24 to become the new Trans Am Series president under Parella Motorsports Holdings.

The 49-year-old racing veteran will make his final professional appearance with Magnus Racing at Daytona International Speedway on January 26, concluding a remarkable career that includes NASCAR Cup Rookie of the Year honors in 2011 and numerous sports car racing achievements.

"The timing of this is important," Lally explained. "When something like this comes along that could bring another 10-plus years in the sport, you say yes immediately." His appointment has been warmly welcomed by PMH CEO Tony Parella, who praised Lally's expertise and accomplishments in motorsports.

Lally's racing career spans 26 consecutive seasons in IMSA events, making him the winningest active driver at Daytona with the longest streak of continuous Rolex 24 participations. While stepping away from full-time driving, he remains open to occasional racing appearances, particularly at the Rolex 24, provided they don't conflict with his new responsibilities.

His new role as Trans Am Series president will begin in February at Sebring, just days after his 50th birthday. Lally expressed enthusiasm for Trans Am's potential, particularly highlighting the series' powerful cars without driver aids and its role in developing young talent.

The transition coincides with Magnus Racing's own farewell after the Rolex 24, as team owner John Potter shifts focus to real estate projects. Lally acknowledged his gratitude for his 13-year tenure with the team, where he spent more than half of his professional racing career.

Lally emphasizes his commitment to his new leadership role: "I don't like to do something without being all-in, and I anticipate dedicating a massive portion of my time to contributing above and beyond what the normal president's role would be."

Related Articles

Previous Articles