“I cannot put into words what Hendrick Motorsports means to me,” Gordon said in a statement.
He also was active in bringing Kyle Larson into the Hendrick organization this year following Larson’s almost season-long NASCAR suspension for uttering a racial slur during a virtual race.
As vice chairman and co-owner, Gordon will work daily with the team, focusing on the organization’s competition and marketing groups.
Hendrick Motorsports becomes the first team in NASCAR to publicize its long-term succession plan.