World news – US – Polaris CEO Scott Wayne resigns, to lead parent company of Case and New Holland

Scott Wayne, Chairman and CEO of Polaris Inc.. , Will leave the company at the end of the year to become the new CEO of CNH Industrial N. Fifth. , Case and New Holland farm equipment manufacturer.

“Over the past 12 years, I have had an extraordinary honor to lead the best team in athletics, and it is extremely rewarding to reflect on all that we have accomplished together,” Wayne said in a statement Tuesday.

« I am so proud of the team and the culture that has made working here so enjoyable, and after seeing first-hand the ingenuity, passion and drive that permeate the company, I leave with complete confidence that the future of Polaris is bright, » he said.

Polaris said it would immediately start looking for a successor. The Medina-based company, which has an annual income of around $ 7 billion, is one of the largest manufacturers of all-terrain vehicles, snowmobiles and motorcycles in the country..

CNH Industrial, headquartered in London, produces farm and construction equipment and operates globally. Its annual revenue is approximately $ 28 billion.

John Weihove, Principal Independent Director, Polaris, and Ex-CEO of C-based Eden Prairie. H. Robinson Worldwide, note Wine’s achievements at Polaris.

“Scott has been an exceptional leader of Polaris. During his tenure, Polaris has grown from a strong Minnesota company to a global leader in the athletics market – more than triple sales and Polaris jumped into the Fortune 500, ”Wiehoff said in a company statement..

Business reporter Patrick Kennedy covers executive compensation and public corporations. He has reported on the Minnesota business community for over 20 years.

Polaris Inc. , CEO, Scott W.. Wine, NYSE: CNHI, CNH Industrial, NYSE: PII, New York Stock Exchange