Tag Archives: Polaris

Polaris appoints Interim CEO

Polaris names Interim CEO

Polaris Inc. appointed Michael Speetzen, Polaris’ executive vice president and Chief Financial Officer, to serve as interim Chief Executive Officer. John Wiehoff, the Company’s Lead Independent Director, has been appointed Chair of the Board; and Bob Mack, Polaris’ senior vice president of Corporate Development & Strategy and president of Global Adjacent Markets and Boats, has been appointed interim Chief Financial ...

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Polaris Chairman/CEO resigns

Polaris CEO Scott Wine resigns

One of our sister publications, Snow Goer magazine, is reporting that moments after the stock market closed on Nov. 17, Polaris dropped the big news that its Chairman and CEO Scott Wine is leaving the company to take over a similar position at CNH. CNH is a large multinational industrial company in the ag and construction industries, including the Case ...

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Polaris shifts boat manufacturing strategy

Polaris

Polaris Inc. recently announced it has made the strategic decision to focus its marine investments and growth efforts on its flagship boating brands. As a result, Polaris will stop producing Rinker, Striper and Larson FX boat brands at its Syracuse, Indiana plant in June. “This decision was made after extensive consideration of every available alternative,” said Bob Mack, president of ...

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Marine manufacturers take action against COVID-19

By Adam Quandt Throughout the ever-evolving novel coronavirus outbreak, many marine industry manufacturers are making the decision to temporarily halt production, in an effort to keep employees safe. Last week, Brunswick Corporation announced it was suspending production at certain of its propulsion and boat operations over the next few weeks in response to the impact of the coronavirus (COVID-19). A ...

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Market Trends: Room for everyone

By Adam Quandt Industry leaders across the recreation marine sector regularly preach the importance of selling the experience of boating, rather than just simply selling the product. With generous room aboard and the ever-increasing versatility of both pontoons and deck boats, manufacturers within these segments of the industry are consistently striving to provide the experience of boating to the many ...

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Marquis Yachts announces new strategic vision

As part of the recent sale of its Larson Boat assets to Polaris Industries, the Pulaski, Wisconsin builder of Marquis, Carver and Lexus Yachts has announced a strategic reorganization. Under the guidance of President and CEO, Rob Parmentier, the company will now concentrate exclusively in the luxury yacht segment through its continued expansion of the Carver Yachts brand and relaunch ...

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Polaris purchases Larson Boat Group

In a recent letter to dealer partners, Rob Parmentier, president and CEO of Marquis-Larson Boat Group announced that the Larson Boat Group has been sold to Polaris Industries. "The sale of the company, means production will move and take place at another facility," Parmentier said in the letter. "The moving of materials and assets will begin, immediately." The letter also ...

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Polaris partners with Fishing League Worldwide

Fishing League Worldwide (FLW), the world’s largest tournament-fishing organization, and Polaris Industries Inc. announced  a strategic partnership that will extend and expand the outdoor brands’ complementary relationship. The terms of the agreement were not disclosed. The partnership leverages both companies’ consumer base, market presence and industry expertise, and will include collaboration across the organizations as well as enhanced activation and ...

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Polaris enters boating industry with Boat Holdings, LLC acquisition

Polaris Industries Inc. has signed a definitive agreement to acquire Boat Holdings, LLC, a boat manufacturer owned by the Vogel family, management and Balmoral Funds, in an all-cash transaction valued at a net present value of approximately $805 million. Polaris also expects that approximately $100 million NPV of future net tax benefits will accrue to the combined company. When adjusted ...

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