Speetzen Confirmed as Polaris CEO
As expected, Polaris Inc. has moved to confirm interim CEO and former CFO Michael Speetzen as Scott Wine's permanent successor, with Bob Mack as Executive Vice President and Chief Financial Officer. Speetzen is also appointed to the board of directors.
John Wiehoff, chair of the Polaris Board, is quoted as saying: "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.
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| Michael Speetzen has been confirmed as Polaris' CEO |
"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."
Speetzen had publicly stated that his name was 'in the ring' for the job and that he hoped to succeed Scott Wine, and in response to confirmation of his permanent appointment, he is quoted as saying "Polaris is an incredible organization, and one that I have been privileged to be a part of for the last six years.
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| Bob Mack, Polaris' Executive Vice President and Chief Financial Officer |
"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." Mack will continue to oversee Polaris' Corporate Development and Global Adjacent Markets teams.