Polaris Names Michael Speetzen as CEO and Bob Mack as CFO
May 04 2021 - 08:00AM
Business Wire
Polaris Inc. (NYSE: PII) today announced that Michael Speetzen
has been named chief executive officer and appointed to the
Company's Board of Directors and that Bob Mack has been named
executive vice president and chief financial officer. Speetzen and
Mack have been serving as interim CEO and interim CFO,
respectively, since January.
“Mike is a proven and highly respected leader within Polaris and
across the powersports industry. His strong vision and deep
understanding of the business gives us great confidence in his
ability to further build on Polaris’ legacy of innovation and
growth,” said John Wiehoff, chair of Polaris’ Board of Directors.
“In his six years with the Company and as interim CEO, Mike has
consistently demonstrated his ability to inspire our team, build
strong stakeholder relationships and drive strategic execution. We
are excited about Polaris’ next chapter of success and value
creation under Mike’s leadership.”
“Polaris is an incredible organization, and one that I have been
privileged to be a part of for the last six years. I am honored and
truly humbled to lead Polaris’ outstanding team,” Speetzen
commented. “As our results over the past year show, Polaris has
tremendous opportunities as the undisputed leader in the
powersports industry. I look forward to the continued partnership
with Polaris’ talented senior leadership team, including Bob in his
role as CFO, as we continue building on our momentum and fully
capitalizing on the booming interest in outdoor recreation.”
Speetzen continued, “Bob is a results-driven leader who was
integral in expanding Polaris’ role as an industry leader through
strategic M&A activity and his leadership of our Global
Adjacent Markets and Boats operations. While serving as interim
CFO, Bob has been a trusted advisor and partner whose financial
acumen and breadth of experience make him well-suited to continue
advancing our financial strategy as CFO.”
“I am thrilled to continue serving as CFO and leader of our
finance organization at such a remarkable time for Polaris and the
powersports industry as a whole,” said Mack. “I look forward to the
ongoing partnership with Mike and our business leaders to
accelerate growth, build on Polaris’ strong financial foundation
and deliver value to our shareholders.”
With support from a deep roster of leaders, Mack will continue
to oversee Polaris’ Corporate Development and Global Adjacent
Markets teams.
About Michael Speetzen
Speetzen joined Polaris in August 2015 as executive vice
president, Finance and Chief Financial Officer. Prior to joining
Polaris, Speetzen was senior vice president and CFO of Xylem, Inc.
since 2011, when the Company was formed from the spinoff of the
water businesses of ITT Corporation. He joined ITT in 2009.
Speetzen was responsible for the financial planning, accounting,
controls, treasury, M&A activity, investor relations and
strategy of Xylem Inc. Prior to joining ITT, he served as executive
vice president and CFO for the StandardAero Company owned by the
private equity firm Dubai Aerospace Enterprise. Previously, he held
positions of increasing responsibility in the finance functions at
Honeywell and General Electric. Speetzen currently serves on the
Board of Directors of Pentair. Speetzen earned his Master of
Business Administration from Thunderbird School of Global
Management at Arizona State University and his bachelor’s degree in
management from Purdue.
About Bob Mack
Mack joined Polaris in April 2016 as senior vice president of
Corporate Development and Strategy, and president of Adjacent
Markets. Prior to joining Polaris, Mack was vice president,
Corporate Development for Ingersoll Rand. In that role he had
global responsibility for its acquisition and divestiture
activities. With Ingersoll Rand for 20 years, Mack held a variety
of sales, financial, M&A, and operational positions with the
Company. Mack currently serves on the Board of Directors of West
Marine and is chairman of the Audit Committee. He received his
Master of Business Administration from Duke University and his
Bachelor of Business Administration from Siena College, and is a
certified public accountant (inactive).
About Polaris
As the global leader in powersports, Polaris Inc. (NYSE: PII)
pioneers product breakthroughs and enriching experiences and
services that have invited people to discover the joy of being
outdoors since our founding in 1954. With annual 2020 sales of $7.0
billion, Polaris’ high-quality product line-up includes the Polaris
RANGER, RZR and GENERAL side-by-side off-road vehicles; Sportsman
all-terrain off-road vehicles; Indian Motorcycle mid-size and
heavyweight motorcycles; Slingshot moto-roadsters; snowmobiles; and
deck, cruiser and pontoon boats, including industry-leading
Bennington pontoons. Polaris enhances the riding experience with
parts, garments and accessories, along with a growing aftermarket
portfolio, including Transamerican Auto Parts. Polaris’ presence in
adjacent markets includes military and commercial off-road
vehicles, quadricycles, and electric vehicles. Proudly
headquartered in Minnesota, Polaris serves more than 100 countries
across the globe. www.polaris.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210504005386/en/
MEDIA CONTACT Jessica Rogers Polaris Inc. phone:
763-513-3445 Jessica.Rogers@polaris.com
INVESTOR CONTACT Richard Edwards Polaris Inc. phone:
763-513-3477 Richard.Edwards@polaris.com
Polaris (NYSE:PII)
Historical Stock Chart
From Feb 2024 to Mar 2024
Polaris (NYSE:PII)
Historical Stock Chart
From Mar 2023 to Mar 2024