Chuck Baxter Steps Down As Vice President of Engineering at Polaris; Jeff Bjorkman Accepts New Position As Vice President of Operations.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Oct. 10, 2000 Polaris Industries Polaris Industries manufactures a full line of all-terrain vehicles (ATV), snowmobiles, Ranger utility vehicles in 2wd, 4wd or 6wd, Victory Motorcycles and EU rated quadcycles. Polaris no longer manufactures personal water craft or sportboats. Based in Medina, Minnesota. Inc. (NYSE/PSE:PII See Pentium II. ) announced today that Chuck Baxter, Vice President of Engineering, will step down from his full-time responsibilities after 30 years with Polaris. Polaris' Vice President of Manufacturing, Jeff Bjorkman, will take over Baxter's role in the newly-created position of Vice President of Operations, which will encompass the leadership of both manufacturing and engineering at Polaris. "Polaris has been fortunate over the years to have a talent like Chuck. The success we enjoy today is due in large part to the products Chuck and his team have developed over the years," said Tom Tiller, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Polaris Industries. Polaris has asked Baxter to stay on with Polaris part-time in a consulting capacity. He will be involved on a project-by-project basis to provide expertise on technology strategy and to continue on the series of development projects he's well known for. Baxter plans to focus more time on his outside business interests and riding Polaris products. He will keep an office in Roseau, Minn. In his new position, Bjorkman will be responsible for all manufacturing, purchasing, logistics and engineering for the company. His strong leadership has grown the manufacturing team over the last five years and he's also been a key driver of change in areas outside of his immediate scope. "This newly created position gives Jeff the opportunity to integrate manufacturing and technology more closely," said Tiller. "Jeff's technical ability, strong leadership and passion to see Polaris succeed will position him well to take on this new challenge." About Polaris Information about the complete line of Polaris products is available from authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: Polaris dealers or from the Polaris home page at www.polarisindustries.com. Polaris designs, engineers, manufactures and markets snowmobiles, all-terrain vehicles all-ter·rain vehicle n. Abbr. ATV A small, open motor vehicle having one seat and three or more wheels fitted with large tires. It is designed chiefly for recreational use over roadless, rugged terrain. , Victory motorcycles, personal watercraft personal watercraft n. 1. A motorized recreational water vehicle normally ridden by straddling a seat. 2. (used with a pl. verb) Such water vehicles considered as a group. , and the Polaris RANGER for recreational and utility use. Polaris is the largest snowmobile snowmobile, vehicle designed to travel over snow, ice, and similar surfaces that offer limited traction and weight-supporting capability. As the performance of the vehicle depends to a large extent on keeping its weight as low as possible, there is no enclosure for manufacturer in the world, and one of the largest U.S. manufacturers of ATVs and personal watercraft. Polaris also enhances the riding experience with a complete line of PurePolaris apparel, accessories, and parts available at Polaris dealerships. Consumers can also purchase apparel and accessories around the clock online at www.purepolaris.com. Polaris Industries Inc. trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and Pacific Stock Exchange under the symbol "PII," and the company is included in the S&P SmallCap 600 stock price index. |
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