MEDINA, Minn. — Polaris Industries Inc. announced
Monday the creation of a new On-Road Vehicle Division to help continue the
company’s goal of establishing a significant on-road presence. The new division
takes the existing skills and assets within the company and aligns them in a
way that maximizes cohesive and strategic growth for Victory Motorcycles and
other on-road products and brands.
“Victory Motorcycles, with its strong brand recognition and customer loyalty,
will be one of the major components of our new On-Road Vehicle Division…,” said
Scott Wine, chief executive officer of Polaris Industries. “This new division
will support our efforts to be the ‘Best in Powersports’ and continue building
on our strong on-road brands and global market leadership in this critical
space.”
Financing for vehicles in this new division will continue to
be through HSBC, GE Money Bank and Sheffield Financial, according to a Polaris
spokeswoman.
Several organizational changes that set the foundation of the On-Road Vehicle
Division were also announced. Intended to further strengthen the company in the
on-road marketplace, these management moves put the new division in the best
possible position to sustain profitable growth and long-term success.
First among these changes is Mark Blackwell’s new role as vice president of
Motorcycles. Blackwell has spent the past eight years leading day-to-day
operations for Victory Motorcycles and played a key role in building the brand
from an unknown startup into a highly regarded competitor considered to be
among the worlds finest. Under Blackwell’s leadership, Victory has expanded
into markets outside the United States and is well-positioned for long term
success.
Mike Jonikas, currently vice president, sales and corporate marketing has been
appointed to the newly created role of vice president of the On-Road Vehicle
Division. In this position, Jonikas will be responsible for rapidly growing the
on-road business for Polaris including strategic direction for Victory
Motorcycles, and any on-road adjacencies we may add in the future. He will
continue to lead our sales and corporate marketing teams.
Steve Menneto has been promoted to the position of general manager of Victory
Motorcycles, to lead profitable sales growth for this business. Since joining
Polaris in 1997, Menneto has demonstrated a strong knowledge for strategic
planning and increasing business profitability.
Lastly, Judy Kulsrud has been appointed to the position of director of
North
American sales replacing Steve Menneto. Judy has been with Polaris
since 1995
and has a broad set of experiences across many functional areas of the
business
including management positions in retail development, sales operations,
regional sales management, and most recently the position of director
of dealer development.
“The Victory Motorcycles brand was essentially built from scratch through
tireless work in the past ten years,” said Bennett Morgan, chief operating officer
of Polaris Industries. “Now, by combining the diverse strengths of Mark, Mike
and Steve to further develop our long-term strategies in the On-Road Vehicle
Division, we are positioning ourselves for continued growth both in the
motorcycle industry and, in the bigger picture, across all segments of the
on-road marketplace.”
Polaris is committed to growing its on-road vehicle business through continued
growth in the motorcycle industry along with successfully introducing products
into other on-road adjacencies in the future. The creation of this new On-Road
Vehicle Division reflects efforts to position the company’s key personnel into
roles that suit their strengths and allow them to further develop the Polaris
business and brands within the on-road market.
