New Directors Appointed to the Polaris Board
Roadkill
Press Release
New Directors Appointed to the Polaris Board
MINNEAPOLIS--(BUSINESS WIRE)--Oct. 19, 2000--William E. Fruhan,
Jr., R.M. (Mark) Schreck, and J. Richard (Dick) Stonesifer were
appointed to the Polaris Industries Inc. Board of Directors at today's
Board of Director's meeting held at the corporate offices in Medina,
Minnesota. In a related action, the Board of Directors expanded the
number of directors serving on the Board from nine to twelve.
``We are excited to have added the expertise of Bill, Mark and Dick
to our board'', commented W. Hall Wendel Jr., Polaris Chairman, ``Their
experience in management and engineering will fit well with the growth
strategies we plan to achieve''.
William Fruhan holds the George E. Bates Professorship at the Harvard
Business School. He received his BS degree in Chemistry from Yale
University and his MBA and DBA degrees from Harvard University. He
currently serves as Senior Associate Dean and Director of Faculty
Development. Professor Fruhan is the author of Revitalizing Businesses;
Financial Strategy; and The Fight for Competitive Advantage. Professor
Fruhan was one of the early developers of the concept of value based
management, and currently conducts his research in developing business
level and corporate strategies aimed at enhancing shareholder values.
Mark Schreck is a registered professional engineer in Electric and
Mechanical engineering. He holds six U.S. Patents and has successfully
led the development and introduction of many new products and processes.
Presently, Mark is President, RMS Engineering and the Director -
Materials Center, University of Louisville, Speed School of Engineering.
He was employed by General Electric for 25 years, most recently as Vice
President and General Manager - Chief Technology Officer for GE
Appliances. He retired from GE in 1998. Mark is a graduate of the
University of Detroit with a B.S. degree in Electrical Engineering and
holds a Masters degree in Electrical Engineering from Marquette
University.
J. Richard (Dick) Stonesifer is a graduate of Teterboro School of
Aeronautics and the Harvard Business School Advanced Management Program.
He began his career with General Electric in 1959, and spent the next 14
years with GE's aircraft engine business in Korea, managing field
service engineering in Vietnam during the war, training German fighter
maintenance personnel, and managing a number of other engine businesses.
He was Chairman and CEO of GE, Philippines, and GE, Portugal. In
addition, he served as General Manager of GE's Carboloy System; Chairman
and CEO of GE Brazil; Vice President and General Manager, International
Construction & Service Division, GE Power Systems; Vice President
and General Manager, International Sales & Services Division, GE
Industrial and Power Systems; Vice President and General Manager,
Marketing and Product Management, GE Industrial and Power Systems. He
was appointed Senior Vice President, GE Appliances, in January 1992, and
became President and CEO of GE Appliances in August 1992.
Dick retired from GE in July 1996. He owns his own company, is a
management consultant, and serves on several boards.
Polaris designs, engineers, manufactures, and markets snowmobiles,
all-terrain vehicles, Victory Motorcycles, personal watercraft, and the
Polaris RANGER for recreational and utility use. Polaris is the world's
largest snowmobile manufacturer and one of the largest U.S.
manufacturers of ATVs and personal watercraft. Polaris Industries Inc.
trades on the New York Stock Exchange and Pacific Stock Exchange under
the symbol ``PII,'' and the company is included in the S&P SmallCap
600 stock price index.
Contact:
Polaris Industries Inc., Minneapolis
Mike Malone or Tom Tiller
Phone: 763/542-0500
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