- Push-out Score determined
- After around 12 years in the position
- Accolades, praise, thanks and good wishes for Wine
- No successor named
- Wine said 98 words
(exechange) — Minneapolis, Minnesota, November 17, 2020 — Scott Wine, chief executive of Polaris, leaves. As announced by Polaris Inc. in a news release and in a regulatory filing published on Tuesday, November 17, 2020, Scott W. Wine, chief executive officer, leaves the off-road vehicle manufacturer after around 12 years in the role, effective December 31, 2020.
Polaris did not name a replacement for the position of Chief Executive Officer.
Wine will be CEO at CNH Industrial
“Chairman and CEO Scott Wine will leave Polaris to assume the CEO role at CNH Industrial,” Polaris said.
CNH Industrial is a European tractor maker.
Polaris said: “Scott W. Wine, Chairman and Chief Executive Officer, has resigned and will leave the Company effective December 31, 2020.”
Share price increase since September 2008
The announcement follows an increase in Polaris Inc.’s share price of 311% since September 2008. September 2008 is the month in which Wine’s tenure as CEO began.
In the position of CEO since 2008
Scott Wine became CEO of the Company in 2008.
“Wine will remain in his current role at Polaris through the end of the year as the Board executes its succession plans. Transition plans will be announced at a later date,” Polaris stated.
Wine has served as CEO of Polaris since September 2008 and was elected to the Board in October 2008.
He has been the Chairman of the Board since January 2013.
Prior to joining Polaris, Wine held executive positions with United Technologies Corporation, Danaher Corp. and Allied Signal Corp. (now Honeywell International Inc.), and served as a United States naval officer.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Polaris and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 47.2020 ($).