After 29 years with Polaris Industries Inc., President and Chief Operating Officer Bennett Morgan announced his retirement in mid-May.
The powersports manufacturer does not plan to hire a replacement, but rather, Polaris’ current Chief Executive and Chairman Scott Wine will assume Morgan’s responsibilities moving forward, according to a company press release.
Morgan joined Polaris in 1987 and took on various senior leadership roles, and was promoted to COO in 2005. Morgan is not the first longtime executive at Polaris to retire in the past year; Mike Malone, who served as chief financial officer for almost two decades, retired last summer and was replaced by Michael Speetzen.
Medina, Minn.-based Polaris manufactures and distributes snowmobiles, ATVs, and neighborhood electric vehicles. The company currently has installment retail credit arrangements with FreedomRoad Financial, Sheffield Financial, and Synchrony Financial, and an inventory financing arrangement with Commercial Distribution Finance.