Just ten days before outgoing Polaris supremo Scott Wine was due to step down from his chief executive and chairman roles at the US off-road vehicle and motorcycle manufacturer, the company’s board of directors drafted in temporary replacements from within its own ranks. BDN financial editor Roger Willis reports.
While the search for Wine’s permanent successor continues, current Polaris chief financial officer Michael Speetzen (pictured) takes over as interim chief executive from 1 January 2021. Lead independent director John Wiehoff becomes non-executive chairman.
Polaris senior vice-president of corporate development and strategy Bob Mack, who is also presides over two of its divisions, has been appointed as interim chief financial officer to cover Speetzen’s desk.
“We appreciate Mike and Bob taking on these expanded roles while we progress our CEO search,” said Wiehoff. “They have made significant contributions to our success during their respective tenures. We are confident that they will enable a seamless transition during this interim period.”