Polaris Appoints Darryl Jackson to Board of Directors

Rhea-AI Summary

Polaris Inc. (NYSE: PII) has appointed Darryl Jackson to its Board of Directors, effective July 29, 2021. Board Chair John Wiehoff expressed confidence in Jackson's financial expertise and automotive experience, which are expected to enhance Polaris' growth trajectory. Jackson currently serves as vice president at Hendrick Automotive Group and previously held significant roles in financial services and leadership at Chrysler Automotive. He will also join the Board's Audit Committee.

Positive

• Appointment of Darryl Jackson expected to bring valuable financial and automotive insights.
• Jackson's experience may accelerate long-term growth for Polaris.
• Addition of a certified public accountant to the Board enhances financial oversight.

Negative

• Potential continuity concerns due to a new board member's integration.
• Experience gap could arise from changes in board dynamics.

Polaris Inc. (NYSE: PII) announced today that it has appointed Darryl Jackson to the Company’s Board of Directors effective July 29, 2021.

“On behalf of the entire Board, we are very pleased to welcome Darryl and look forward to the valuable insights and perspectives that he will bring,” said Polaris’ Board Chair, John Wiehoff. “His deep financial expertise coupled with his wealth of experience in the automotive sector will help to accelerate Polaris’ long-term growth and position the Company for continued success.”

Jackson is currently vice president at Hendrick Automotive Group, the largest privately held automotive retail organization in the United States. Prior to Hendrick Automotive Group, he served as director of the Financial Services Advisory Group at PricewaterhouseCoopers and spent nearly 20 years at Chrysler Automotive Corporation in various finance, marketing, and product planning leadership roles. Jackson is a certified public accountant. He earned his MBA from Harvard Business School and his bachelor’s degree from Central Michigan University.

Jackson will serve on the Board’s Audit Committee.

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 TransAmerica 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005510/en/

FAQ

What is the significance of Darryl Jackson's appointment to Polaris Inc.'s Board?

Darryl Jackson's appointment is significant as his financial expertise and automotive experience are expected to drive growth and enhance the company's strategic direction.

When was Darryl Jackson appointed to the Board of Directors of Polaris Inc.?

Darryl Jackson was appointed to the Board of Directors of Polaris Inc. effective July 29, 2021.

What roles has Darryl Jackson held prior to joining Polaris Inc.?

Prior to joining Polaris, Darryl Jackson served as vice president at Hendrick Automotive Group, and held various leadership roles at Chrysler Automotive and PricewaterhouseCoopers.

What committee will Darryl Jackson serve on at Polaris Inc.?

Darryl Jackson will serve on the Board's Audit Committee.

How might Darryl Jackson's background benefit Polaris Inc.?

His background in finance and the automotive sector will likely provide valuable insights, aiding in strategic decision-making and financial oversight.