AMD 259 February 2021 American Motorcycle Dealer 259 Feb 2021 | Page 12

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NEWS

BRIEFS

Triggered by Volkswagen Audi Group CEO Herbert Diess ' own remarks late last year about electrification and long-term brand fit , it would appear that , for now at least , the rumors that Ducati ( and Lamborghini ) were on the block , have been nixed again ! The VAG Board stated in December that " there is agreement on the Board that Lamborghini and Ducati will remain part of the Volkswagen Group ."
Motorcycle and car racing is to have a new home in Missouri with the all-new Ozarks International Raceway currently under construction in Lake of the Ozarks , Missouri . Scheduled to open in late summer 2021 , it will include a 3.87 mile , five configuration asphalt-paved track with up to 19 different turns , a dirt trioval , a truck off-road track , trail and rally courses , with a 58-bay car garage complex in converted old turkey barns .
H-D Tier 1 brake components vendor Brembo ( Italy ) has completed its acquisition of aftermarket brake pads and discs manufacturer SBS Friction ( Denmark ). The transaction has entailed a consideration of 224 million Danish Kroner , equal to approximately € 30.1m , which will be paid using available cash ; enterprise value is 300 million Danish Kroner , equal to about € 40.3m . Brembo says that the acquisition is in line with its " new mission " to become " a respected solution provider ."
MIC has announced the election of Nicole Allen ( Akrapovic ), Jeff Brown ( EagleRider ) and Tim Calhoun ( Quin Design Helmets ) to twoyear terms on the MIC Board of Directors . Brown and Calhoun were re-elected for a second term on the 12-member board , and newly-elected Allen will take the seat vacated by Andy Leisner ( formerly with publisher Bonnier Corp ., now with EV start-up Volcon , Tx ).

Polaris Appoints Michael Speetzen as Interim CEO

Following the departure of long-time Chairman and CEO Scott Wine to pastures new , Polaris Industries has played it safe initially by appointing Executive VP and CFO Michael Speetzen to serve as interim Chief Executive Officer , with John Wiehoff , the company ' s Lead Independent Director , as Chair of the Board . Additionally , Bob Mack , Polaris ' senior VP of Corporate Development and Strategy and president of their Global Adjacent Markets and Boats divisions , appointed interim Chief Financial Officer . " We appreciate Mike and Bob taking on these expanded roles while we progress our CEO search ," said Wiehoff . " Mike and Bob have made significant contributions to Polaris ' success during their respective tenures . " In addition to leading the company ' s finance organization and expertly managing the liquidity of Polaris during this global pandemic , Mike has helped shape and drive key growth initiatives , including Polaris ' digital transformation and productivity enhancements . Bob ' s operational accomplishments and financial experience leading Polaris ' M & A and corporate development strategy are well suited to advance Polaris ' strong financial foundation . We are confident that Mike and Bob , and the deep understanding they bring of both the business and the industry , will enable a seamless transition during this interim period ."
Hazelwood , Missouri based Mid-USA Motorcycle Parts ' 2021 ' En-Cycle-Pedia ' parts and accessory catalog features 1,152 pages of " chrome , custom and cool ." The 37th catalog edition from the distributor , Mid-USA ' s impressive stable of brands includes the company ' s exclusive V-Factor , Power House , Power House Plus , Hardbody and its US-made Hardware ranges , alongside famous name brands including market leaders such as S & S Cycle , Cometic
Michael Speetzen
Bob Mack
" I have witnessed time and again the Polaris team ' s passion and commitment to delivering for all of our stakeholders ," said Speetzen . " I am excited to lead the continued execution of our strategy and accelerate the positive momentum underway across the organization ." Speetzen was hired to Polaris by Scott Wine in August 2015 as Executive Vice President , Finance and CFO . Prior roles

Mid-USA 2021 En-Cycle-Pedia

Gasket , Baker Drivetrain , JIMS , Motion Pro , Progressive Suspension , Andrews , BDL , Daytona Twin Tec , Pingel , K & N , Paughco and Kibblewhite . Mid-USA sells stock replacement and performance parts and accessories all the way from current M-8 and late models right back to Knucklehead , Panhead and Shovelhead , offering dealers access to many hard to find OE style and upgrade components . www . mid-usa . com
included Sr VP and CFO of Xylem , Inc . ( since 2011 , when the company was formed from the spin-off of the water businesses of ITT Corporation ); Executive VP and CFO for the StandardAero Company ( owned by the private equity firm Dubai Aerospace Enterprise ) and positions in the finance functions at Honeywell and General Electric . Mack joined Polaris in April 2016 from Ingersoll Rand . Wiehoff has served as a member of the Polaris Board of Directors since 2007 and as Lead Independent Director since 2013 and serves as the Chair of the Corporate Governance and Nominating Committee . Wiehoff also served as Chairman of the Board and CEO for logistics specialist C . H . Robinson ( Eden Prairie , Minnesota ), retiring in May 2020 and May 2019 ; prior roles include at Chicago based former ' Big Five ' accounting firm Arthur Andersen LLP . Wiehoff also serves on the Board of Directors of industrial filter business Donaldson Company , Inc and U . S . Bancorp .
12 AMERICAN MOTORCYCLE DEALER - FEBRUARY 2021 www . AMDchampionship . com