Polaris Announces Retirement of Board Member Annette Clayton

Rhea-AI Summary

Polaris Inc. (NYSE: PII) announced that Annette Clayton will retire from the Board of Directors at the end of her term on April 29, 2021, after 18 years of service. Chairman John Wiehoff expressed gratitude for her leadership and contributions to the company's transformation into a global powersports leader. Polaris reported $7.0 billion in annual sales for 2020 and continues to innovate in products like off-road vehicles, motorcycles, and boats, serving over 100 countries worldwide.

Positive

• Annette Clayton's leadership contributed to Polaris' growth into a global industry leader.
• Polaris reported $7.0 billion in annual sales for 2020, indicating strong market presence.

Negative

• Clayton's retirement may raise concerns regarding continuity in leadership and experience on the Board.

Polaris Inc. (NYSE: PII) today announced that Annette Clayton has decided not to stand for re-election to the Company’s Board of Directors and will retire from the Board when her current term ends on April 29, 2021.

“Over the last 18 years, Annette’s expertise, encouragement and leadership has supported Polaris’ transformation into a global industry leader,” said John Wiehoff, chairman of the board. “On behalf of the Board, I would like to thank Annette for her valuable contributions and dedicated service to the Polaris board, and we wish her the very best.”

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.

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FAQ

What is the reason for Annette Clayton's retirement from Polaris' Board of Directors?

Annette Clayton decided not to stand for re-election and will retire at the end of her current term on April 29, 2021.

How long has Annette Clayton served on Polaris' Board?

Annette Clayton has served on the Board of Directors for 18 years.

What impact might Annette Clayton's retirement have on Polaris?

Her retirement could raise concerns about continuity and the experience level of the Board.