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Polaris Names Interim CEO

Dec. 24, 2020
CFO Michael Speetzen will serve as chief executive officer while executive search continues.

Michael Speetzen, Polaris Inc. executive vice president and CFO, has been appointed interim chief executive officer, effective Jan. 1, 2021, the Medina, Minn.-based manufacturer of off-road vehicles and motorcycles announced this week.

Bob Mack, senior vice president of corporate development and strategy, and president of Global Adjacent Markets and Boats, will serve as interim chief financial officer. John Wiehoff, Polaris' lead independent director, has been appointed chairman of the board.

The Mack and Wiehoff appointments are effective Jan. 1. 

These executive moves by Polaris follow the announcement last month that Polaris Chairman and CEO Scott Wine would be leaving the company to take on the CEO role at CNH Industrial. His departure from Polaris is effective Dec. 31, 2020.

At that time, the company also reaffirmed its earnings guidance. Adjusted net income is expected in the range of $7.15 to $7.30 per diluted share for the full year of 2020, an increase of 13% to 16% over the previous year, the company said. 

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