MINNEAPOLIS--(BUSINESS WIRE)--
Polaris Industries Inc. (NYSE: PII) today announced that Michael
Speetzen has been appointed Executive Vice President, Finance and Chief
Financial Officer, effective August 3rd, replacing the
retiring Mike Malone. Speetzen has been CFO of Xylem Inc. since 2011,
leading the finance organization of a company that does business in over
150 countries and generated 2014 revenue of over $3.9B.
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Polaris Industries Inc. (NYSE: PII) today announced that Michael Speetzen has been appointed Executive Vice President, Finance and Chief Financial Officer. (Photo: Business Wire)
“Mike Speetzen has just about done it all in his 20+ years as a finance
professional and business leader. He has taken a spinoff company public,
championed billions of dollars’ worth of M&A activity, mastered the
intricacies of transacting international business, developed tremendous
capital market and treasury insight, and generated significant
stakeholder value for both public and private corporations,” said Scott
Wine, Polaris Chairman and CEO. “Mike’s combination of world-class
financial planning and analysis, strategic acumen and strong leadership
will play a huge role in Polaris’ continued growth, and his proven
commitment to improving the bottom line will ensure that we meet our
strategic objective of profitable growth.”
Wine continued, “We are extremely grateful for the extraordinary career
and significant contributions of Mike Malone, who has announced his
intention to retire after over 30 years with Polaris, and are confident
that Speetzen will hit the ground running thanks to the strong team and
robust financial systems and processes developed, implemented and
refined during the Malone era.”
Prior to Speetzen’s role as CFO at Xylem Inc., a publicly-traded spinoff
of ITT Corporation’s water services businesses, he served as CFO of ITT
Fluid and Motion Controls. From 2007 to 2009 Speetzen was CFO of
StandardAero, a privately-owned aerospace company. Mike spent 12 years
in positions of increasing responsibility with Honeywell International,
formerly AlliedSignal.
Mike, his wife Julie, and their four daughters will be transitioning
from Connecticut to the Minneapolis area in the coming weeks. He and his
family lead an active, high energy lifestyle. He is also active in the
community, having previously served on the local boards of both the YMCA
and the Partnership for a Drug Free America. Mike earned his Bachelor’s
in Management from Purdue, and his MBA from Thunderbird.
About Polaris®
Polaris is a recognized leader in the
powersports industry with annual 2014 sales of $4.5 billion. Polaris
designs, engineers, manufactures and markets innovative, high quality
off-road consumer and military vehicles, including all-terrain vehicles
(ATVs) and the Polaris RANGER® and RZR®
side-by-side vehicles, snowmobiles, motorcycles and on-road
electric/hybrid powered vehicles.
Polaris is among the global sales leaders for both snowmobiles and
off-road vehicles and has established a presence in the heavyweight
cruiser and touring motorcycle market with the Victory®
and Indian Motorcycle® and Slingshot® brands.
Additionally, Polaris continues to invest in the global Work and
Transportation vehicle industry with Global Electric Motorcars (GEM),
Goupil Industrie SA, Aixam Mega S.A.S., and internally developed
vehicles. Polaris enhances the riding experience with a complete line of
Polaris Engineered Parts, Accessories and Apparel, Klim branded apparel
and ORV accessories under the Kolpin®, Cycle Country®
and Pro Armor® brands.
Polaris Industries Inc. trades on the New York Stock Exchange under the
symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock
price index.
Information about the complete line of Polaris products, apparel and
vehicle accessories are available from authorized Polaris dealers or
anytime at www.polaris.com.
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Source: Polaris Industries