VALCOURT, QC, Sept. 26,
2022 /PRNewswire/ - BRP Inc. (TSX: DOO)
(NASDAQ: DOOO) confirms two new roles as part of the executive
leadership team. In May, the Company stated that is was
actively looking for a seasoned leader to head its information
technologies. Today, the Company announces the
appointment of Stéphane Bilodeau as Chief Information
Officer effective October
11th.
Mr. Bilodeau will lead information technologies and evolve
systems to support the Company's business transformation and
vision, and will report to José Boisjoli, President and CEO. He
will be responsible for Information Systems & Technology
(IS&T) including cybersecurity, programs and data.
Over the years, Mr. Bilodeau has
held senior leadership positions and headed IT governance and
business relationship activities, as well as managed commercial
activities. Since 2017, he was CIO at BDC.
BRP also announces the creation of a new business unit that will
be known as the Low Voltage & Human Assisted Group (LVHA) and
will focus on new product categories. The group will be led by
Minh Thanh Tran, who is
appointed Executive Vice-President, Corporate Strategy & LVHA
Group. As part of his new role, Mr. Tran will continue to oversee
the BRP global corporate strategy which also includes M&A
activities and business development.
Last June during its Analyst Day, BRP had confirmed it was
exploring new addressable markets collectively evaluated at over
$70 billion. With the acquisitions of
Pinion GmbH and Great Wall Motor Austria GmbH, and the anticipated
acquisition of the Shawinigan
powersports operations of Kongsberg Inc., BRP is poised to enter
untapped product categories that overlap recreational, urban
mobility and services with game-changing low voltage and human
assisted products.
CAUTION CONCERNING FORWARD-LOOKING
STATEMENTS
Certain information included in this
release, including statements relating to the completion of the
transaction to acquire the Shawinigan operations of Kongsberg Inc., the
anticipated benefits associated with the completion of this
acquisition and those of Pinion GmbH and Great Wall Motor Austria
GmbH, the Company's business and strategic plans, and other
statements that are not historical facts, are "forward-looking
statements" within the meaning of Canadian and United States securities laws. Forward-looking
statements are typically identified by the use of terminology such
as "may", "will", "would", "should", "could", "expects",
"forecasts", "plans", "intends", "trends", "indications",
"anticipates", "believes", "estimates", "outlook", "predicts",
"projects", "likely" or "potential" or the negative or other
variations of these words or other comparable words or phrases.
Forward looking statements, by their very nature, involve inherent
risks and uncertainties and are based on several assumptions, both
general and specific. BRP cautions that its assumptions may not
materialize and that current economic conditions render such
assumptions, although reasonable at the time they were made,
subject to greater uncertainty. Such forward-looking statements are
not guarantees of future performance and involve known and unknown
risks, uncertainties and other factors which may cause the actual
results or performance of BRP to be materially different from the
outlook or any future results or performance implied by such
statements. Further details and descriptions of these and other
factors are disclosed in BRP's annual information form dated
March 24, 2022. The forward-looking
statements contained in this press release are made as of the date
of this press release, and the Company has no intention and
undertakes no obligation to update or revise any forward-looking
statements to reflect future events, changes in circumstances, or
changes in beliefs, unless required by applicable securities
regulations. In the event that the Company does update any
forward-looking statements contained in this press release, no
inference should be made that the Company will make additional
updates with respect to that statement, related matters or any
other forward-looking statement. The forward-looking statements
contained in this press release are expressly qualified by this
cautionary statement.
About BRP
We are a global leader in the
world of powersports products, propulsion systems and boats built
on 80 years of ingenuity and intensive consumer focus. Our
portfolio of industry-leading and distinctive products includes
Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons,
Can-Am on and off-road vehicles, Alumacraft and Quintrex boats,
Manitou pontoons and Rotax marine
propulsion systems as well as Rotax engines for karts and
recreational aircraft. We complete our lines of products with a
dedicated parts, accessories and apparel portfolio to fully enhance
the riding experience. With annual sales of CA$7.6 billion from
over 120 countries, our global workforce includes close to 20,000
driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft,
Manitou, Quintrex, and the BRP
logo are trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their
respective owners.
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SOURCE BRP Inc.