BRP Appoints Two New Independent Board Members

Rhea-AI Summary

The Board of Directors of BRP (TSX: DOO; NASDAQ: DOOO) has appointed Katherine Kountze and Ernesto M. Hernández as new independent directors. Kountze, currently CIO at Eversource Energy, brings expertise in technology strategy, while Hernández, former President of GM Mexico, offers extensive knowledge in automotive engineering and market management. The Board believes their combined skills will enhance BRP's strategic direction and growth in existing and new markets, reinforcing its leadership in the powersports industry.

Positive

• Appointment of experienced directors Kountze and Hernández strengthens the Board.
• Kountze's background in technology will support BRP's ongoing technological advancements.
• Hernández's automotive expertise will be beneficial for BRP's strategic growth.

Negative

• None.

Katherine Kountze and Ernesto M. Hernández bring specialized skillsets to the table

VALCOURT, Quebec, Dec. 01, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of BRP Inc. (TSX: DOO; NASDAQ: DOOO) is pleased to announce the appointment of Katherine (Kathy) Kountze and Ernesto M. Hernández to its Board of Directors, effective immediately.

“I’m pleased to welcome Kathy and Ernesto to BRP’s Board of Directors. Their extensive expertise and experiences in complementary industries will be great assets to the BRP board as we continue to execute on our strategy to grow in existing and new businesses and markets,” said José Boisjoli, Chairman of the Board and CEO.

Ms. Kountze is currently the Chief Information Officer (CIO) at Eversource Energy, a $8 billion publicly traded company in the US, and has led significant upgrades, implementations, integrations and shifts in technology strategy. Prior to her current position, Ms. Kountze was the Vice President and CIO for The United Illuminating Company. Her experience in overseeing the development and implementation of major, innovative IT strategies and solutions in organizations will support BRP’s ongoing technological advances.

Mr. Hernández is the former President and Managing Director of General Motors, Mexico. He has a well-rounded profile with a deep understanding of product engineering, manufacturing, planning, program management, sales, marketing and aftersales in Mexico, Central America, Caribbean and the US. Mr. Hernández’ 40+ years of solid track record in the automotive industry and his knowledge of the US and Latin American markets will be highly beneficial to BRP.

The Board considers that both Kathy Kountze and Ernesto M. Hernández are “independent directors” within the meaning of applicable securities regulations.

About BRP
We are a global leader in the world of powersports vehicles, propulsion systems and boats, built on over 75 years of ingenuity and intensive consumer focus. Our portfolio of industry-leading and distinctive products includes Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Can-Am on- and off-road vehicles, Alumacraft, Manitou, Quintrex, Stacer and Savage boats, Evinrude and Rotax marine propulsion systems as well as Rotax engines for karts, motorcycles and recreational aircraft. We complete our lines of products with a dedicated parts, accessories and apparel business to fully enhance the riding experience. With annual sales of CA$6.1 billion from over 120 countries, our global workforce is made up of approximately 12,600 driven, resourceful people.

www.brp.com
@BRPNews

Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Evinrude, Manitou, Alumacraft, Quintrex, Stacer, Savage and the BRP logo are trademarks of Bombardier Recreational Products Inc. or its affiliates. All other trademarks are the property of their respective owners.

For media enquiries:         

Elaine Arsenault        
Senior Advisor, Media Relations        
Tel.: 514.238.3615        
media@brp.com

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/3e002b06-4e7b-41dd-9d97-c0eb613ad264

FAQ

Who are the new directors appointed to BRP's Board?

Katherine Kountze and Ernesto M. Hernández are the newly appointed directors.

What experience does Katherine Kountze bring to BRP?

Katherine Kountze has extensive experience in IT strategy, previously serving as CIO at Eversource Energy.

How will Ernesto M. Hernández contribute to BRP?

Ernesto M. Hernández's background includes over 40 years in the automotive industry, enhancing BRP's market strategies.

When did BRP announce the appointment of the new directors?

BRP announced the appointment of Katherine Kountze and Ernesto M. Hernández on December 1, 2020.

What is the significance of these appointments for BRP?

The appointments are expected to provide valuable insights and drive strategic growth in existing and new markets for BRP.