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Changing Lanes

Polaris Appoints Interim CEO

Polaris Inc. announced its Board of Directors appointed Michael Speetzen, Polaris’ executive vice president and chief financial officer, to serve as interim chief executive officer. John Wiehoff, the company’s lead independent director, has been appointed chair of the board; and Bob Mack, Polaris’ senior vice president of corporate development & strategy and president of global adjacent markets and boats, has been appointed interim chief financial officer. Each of these appointments will be effective Jan. 1, 2021 and follow the previously announced departure of Chairman and CEO Scott Wine at the end of the year.

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“We appreciate Mike and Bob taking on these expanded roles while we progress our CEO search,” said Wiehoff. “Mike and Bob have made significant contributions to Polaris’ success during their respective tenures. In addition to leading the Company’s finance organization and expertly managing the liquidity of Polaris during this global pandemic, Mike has helped shape and drive key growth initiatives, including Polaris’ digital transformation and productivity enhancements. Bob’s operational accomplishments and financial experience leading Polaris’ M&A and corporate development strategy are well-suited to advance Polaris’ strong financial foundation. We are confident that Mike and Bob, and the deep understanding they bring of both the business and the industry, will enable a seamless transition during this interim period.”

“I have witnessed time and again the Polaris team’s passion and commitment to delivering for all of our stakeholders,” said Speetzen. “I am excited to lead the continued execution of our strategy and accelerate the positive momentum underway across the organization.”

Link: Polaris

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