This year's Indy 500 Grand Marshal

Olympic Gold Medalist Nastia Liukin will serve as this year's Grand Marshal at the Indianapolis 500.

"We're excited to have Nastia Liukin as part of the rich pre-race pageantry of the Indianapolis 500," said J. Douglas Boles, Indianapolis Motor Speedway president. "Over the years we have welcomed many famous athletes from outside the motorsports world on Race Day and to have such a decorated Olympian visit is an honor."

Liukin will walk the red carpet as well as attend the Snakepit Ball.

She will be an honored guest at the 500 Festival parade and participate in the parade lap around the track.

"I have never been to the Indy 500 so I am really excited to have my first experience being a pretty cool one being grand marshal. Yes, I hear the fans are pretty crazy, crazy in a good way and I am really excited to go out  there in a few weeks." said Liukin.

The race will happen on May 24th.