STOCK TITAN

Polaris Announces Senior Leadership Change

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management

Polaris Inc. (NYSE: PII) has announced a significant senior leadership change. Steve Menneto, the company's President of Off Road, is leaving for a new career opportunity after 27 years with the company. CEO Mike Speetzen expressed gratitude for Menneto's contributions, highlighting his journey from the sales team to overseeing the Motorcycles business and leading the Off Road team for the past five years.

In response to this departure, Speetzen will assume more direct management of Polaris's largest business segment, the Off Road division. He expressed enthusiasm about working more closely with the division's leaders, employees, and dealer network. These leadership changes are effective immediately.

Polaris Inc. (NYSE: PII) ha annunciato un importante cambio di leadership senior. Steve Menneto, Presidente della divisione Off Road dell'azienda, lascia per una nuova opportunità professionale dopo 27 anni con l'azienda. Il CEO Mike Speetzen ha espresso gratitudine per i contributi di Menneto, evidenziando il suo percorso dal team vendite alla supervisione del settore Moto, fino a guidare il team Off Road negli ultimi cinque anni.

In risposta a questa partenza, Speetzen assumerà un ruolo di gestione più diretto del segmento di business più grande di Polaris, la divisione Off Road. Ha espresso entusiasmo nell'intendere lavorare a stretto contatto con i leader della divisione, i dipendenti e la rete di concessionari. Questi cambiamenti nella leadership sono efficaci immediatamente.

Polaris Inc. (NYSE: PII) ha anunciado un cambio significativo en el liderazgo senior. Steve Menneto, el Presidente de la división Off Road de la empresa, deja para buscar una nueva oportunidad profesional después de 27 años en la compañía. El CEO Mike Speetzen expresó su agradecimiento por las contribuciones de Menneto, destacando su trayectoria desde el equipo de ventas hasta supervisar el negocio de Motocicletas y liderar el equipo Off Road durante los últimos cinco años.

En respuesta a esta salida, Speetzen asumirá una gestión más directa del segmento de negocio más grande de Polaris, la división Off Road. Expresó su entusiasmo por trabajar más de cerca con los líderes de la división, los empleados y la red de concesionarios. Estos cambios de liderazgo son efectivos inmediatamente.

폴라리스 주식회사(NYSE: PII)가 중요한 상급 리더십 변화를 발표했습니다. 스티브 멘네토는 회사의 오프 로드 부문 사장으로, 27년 간의 근무를 마치고 새로운 커리어 기회를 찾아 떠납니다. CEO 마이크 스피젠은 멘네토의 기여에 대해 감사의 뜻을 표하며, 판매 팀에서 시작해 오토바이 비즈니스를 감독하고 지난 5년간 오프 로드 팀을 이끌어 온 그의 여정을 강조했습니다.

이번 퇴직에 대한 대응으로, 스피젠은 폴라리스의 가장 큰 사업 부문인 오프 로드 부문을 직접적으로 관리할 것입니다. 그는 부문 리더, 직원 및 딜러 네트워크와 더 긴밀하게 협력하게 될 것에 대한 기대감을 표현했습니다. 이러한 리더십 변화는 즉각 시행됩니다.

Polaris Inc. (NYSE: PII) a annoncé un changement significatif en matière de direction senior. Steve Menneto, le président de la division Off Road de l'entreprise, quitte son poste pour une nouvelle opportunité de carrière après 27 ans dans l'entreprise. Le PDG Mike Speetzen a exprimé sa gratitude pour les contributions de Menneto, soulignant son parcours depuis l'équipe de vente jusqu'à la supervision de l'activité des motos et la direction de l'équipe Off Road au cours des cinq dernières années.

En réponse à ce départ, Speetzen assumera une gestion plus directe du plus grand segment d'affaires de Polaris, la division Off Road. Il a exprimé son enthousiasme à l'idée de travailler plus étroitement avec les dirigeants de la division, les employés et le réseau de concessionnaires. Ces changements de leadership sont immédiatement en vigueur.

Polaris Inc. (NYSE: PII) hat eine bedeutende Veränderung in der Führungsebene angekündigt. Steve Menneto, der Präsident der Off Road-Sparte des Unternehmens, verlässt die Firma für eine neue berufliche Gelegenheit nach 27 Jahren im Unternehmen. CEO Mike Speetzen äußerte Dankbarkeit für Mennetos Beiträge und hob seinen Werdegang vom Verkaufsteam über die Überwachung des Motorradgeschäfts bis hin zur Leitung des Off Road-Teams in den letzten fünf Jahren hervor.

Als Reaktion auf diesen Abgang wird Speetzen die direkte Leitung des größten Geschäftssegments von Polaris, der Off Road-Abteilung, übernehmen. Er zeigte sich begeistert, enger mit den Führungskräften, den Mitarbeitern und dem Händlernetzwerk der Abteilung zusammenzuarbeiten. Diese Führungswechsel sind sofort wirksam.

Positive
  • CEO taking direct management of largest business segment, potentially streamlining decision-making
  • Opportunity for fresh perspectives in Off Road division management
Negative
  • Loss of experienced executive with 27 years of company knowledge
  • Potential disruption in Off Road division leadership during transition

MINNEAPOLIS, July 19, 2024 /PRNewswire/ -- Polaris Inc. (NYSE: PII) announced that its President of Off Road Steve Menneto is leaving for a new career opportunity.

"From his start as a part of the sales team, to overseeing our Motorcycles business, to these last five years leading our Off Road team, I want to thank Steve for the lasting contributions he made over his 27-year tenure at Polaris. We wish him the very best as he moves into this new chapter," said Polaris Chief Executive Officer Mike Speetzen. "I will be taking on more direct management of our largest business segment and am excited to work more closely with all the talented leaders and employees within Off Road as well as with the dealer network."

These leadership changes are effective today.

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. Polaris' high-quality product line-up includes the RANGER, RZR, Polaris XPEDITION, and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; military and commercial off-road vehicles; snowmobiles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; Aixam quadricycles; Goupil electric vehicles; and pontoon and deck boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with a robust portfolio of parts, garments, and accessories. Headquartered in Minnesota, Polaris serves nearly 100 countries across the globe. www.polaris.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/polaris-announces-senior-leadership-change-302201696.html

SOURCE Polaris Inc.

FAQ

Who is leaving Polaris Inc. (NYSE: PII) and what position did they hold?

Steve Menneto, the President of Off Road at Polaris Inc. (NYSE: PII), is leaving the company for a new career opportunity.

How long did Steve Menneto work at Polaris Inc. (NYSE: PII)?

Steve Menneto worked at Polaris Inc. (NYSE: PII) for 27 years, starting in the sales team and eventually leading the Off Road division for the last five years.

Who will manage the Off Road division at Polaris Inc. (NYSE: PII) following Steve Menneto's departure?

Polaris Inc. (NYSE: PII) CEO Mike Speetzen will take on more direct management of the Off Road division, which is the company's largest business segment.

When do the leadership changes at Polaris Inc. (NYSE: PII) take effect?

The leadership changes at Polaris Inc. (NYSE: PII), including Steve Menneto's departure and Mike Speetzen's increased involvement in the Off Road division, are effective immediately as of July 19, 2024.

Polaris Inc.

NYSE:PII

PII Rankings

PII Latest News

PII Stock Data

3.25B
52.34M
6.03%
83.71%
6.57%
Recreational Vehicles
Miscellaneous Transportation Equipment
Link
United States of America
MEDINA