Polaris Inc. (NYSE: PII) has announced a change in its senior leadership, with the departure of its President of Off Road, Steve Menneto, for a new career opportunity. The company's Chief Executive Officer, Mike Speetzen, expressed gratitude for Menneto's 27 years of service and contributions to the organization.
In light of these leadership changes, Speetzen will be assuming more direct management of the company's largest business segment, the Off Road division. This change is effective immediately.
Polaris Inc., founded in 1954, is a global leader in powersports, offering a diverse product lineup that includes side-by-side off-road vehicles such as RANGER, RZR, Polaris XPEDITION, and GENERAL, as well as Sportsman all-terrain off-road vehicles, snowmobiles, motorcycles, moto-roadsters, and electric vehicles. The company also provides parts, garments, and accessories to enhance the riding experience.
This announcement comes as the company continues to serve nearly 100 countries across the globe.
For media inquiries, Jessica Rogers can be contacted at 763-513-3445 or [email protected], while investor relations queries can be directed to JC Weigelt at 763-542-0525 or [email protected]. The market has reacted to these announcements by moving the company's shares -3.7% to a price of $81.64. Check out the company's full 8-K submission here.
