VALCOURT, QC, Jan. 18,
2024 /PRNewswire/ - BRP Inc. (TSX: DOO) (NASDAQ:
DOOO) announces today some changes to its Powersports and Marine
organizational structures aiming at maximizing efficiencies and
operational excellence, while leveraging its leaders' expertise to
better position the Company for long-term growth.
The Powersports and Marine Groups are combined under one
leadership to ensure stronger alignment and focus, create synergies
and enable the teams to leverage functional expertise stemming from
both commercial businesses. This change further solidifies BRP's
dedication to driving sustained profitable growth while delivering
a compelling value proposition to its network of dealers and
distributors. Sandy Scullion,
currently President, Powersports Group, is appointed to the
position of President, Powersports and Marine. In this position,
Mr. Scullion will assume P&L responsibility for both businesses
with direct oversight on Global Retail and Services. With his 30
years of experience at BRP, Mr. Scullion is a seasoned and
visionary leader who has a deep understanding of the business and
the market globally.
Furthermore, to maximize efficiencies and elevate operational
excellence, BRP is combining the Manufacturing Operations for the
Powersports and Marine Groups under the leadership of
Patrick Dussault. Mr
Dussault, who was already leading the manufacturing operations
for Powersports, is therefore appointed to the position of
Executive Vice-President, Global Manufacturing Operations,
Powersports and Marine. As a result, Mr. Dussault becomes a member
of the Executive Leadership Team of BRP. Mr. Dussault has been with
BRP for over 25 years and played key roles in manufacturing
operations and procurement. He has namely instigated and
implemented the innovative and agile manufacturing strategy of BRP,
and successfully led the establishment of new manufacturing
sites.
Since taking over the leadership of the Marine Group back in
2023, Bernard Guy made
significant strides in positioning the business for success, namely
by raising the bar to ensure the production facilities are ready to
manufacture high-quality boats and pontoons. Mr. Guy is now
refocusing on his primary role as Executive Vice-President, Global
Product Strategy, Powersports and Marine. A long-standing executive
of BRP with 35+ years with the Company, Mr. Guy will continue
driving product innovation and improvement to provide the ultimate
experience for riders and boaters.
"I am confident that these organizational changes to our
Powersports and Marine Groups will further improve BRP's position
for its long-term growth," said José Boisjoli, President and CEO of
BRP. "Having Sandy at the helm of Powersports and Marine globally
will enable us to capitalize on his proven track record to achieve
our ambitious growth objectives. I'm also pleased to welcome
Patrick to our Executive Management Team, and I have every
confidence that he will be able to continue driving operational
excellence in our facilities. Finally, I am very grateful to
Bernard for the instrumental role he has played to position our
Marine Group for success. More importantly, Bernard will now be
100% focused on bringing cutting-edge innovations to our lineups to
fuel our competitive edge."
CAUTION CONCERNING FORWARD-LOOKING
STATEMENTS
Certain statements included in this release, including, but
not limited to, statements relating to the expected impact of the
announced organizational structure changes, including the Company's
ability to maximize efficiencies and operational excellence, create
synergies and leverage its leaders' expertise, as well as its
impact in better positioning the Company for long-term growth, and
statements relating to the expected impact of the two new executive
leadership appointments on the Company, its operations and its
growth objectives, or any other future events or developments and
other statements that are not historical facts, constitute
"forward-looking statements" within the meaning of applicable
securities laws. The words "may", "will", "would", "should",
"could", "expects", "forecasts", "plans", "intends", "trends",
"indications", "anticipates", "believes" "estimates", "outlook",
"predicts", "projects", "likely" or "potential" or the negative or
other variations of these words or other comparable words or
phrases, are intended to identify forward-looking statements.
Forward-looking statements, by their nature, involve inherent risks
and uncertainties and are based on assumptions, both general and
specific.The Company cautions that its assumptions may not
materialize and that current economic conditions render such
assumptions, although believed reasonable at the time they were
made, subject to greater uncertainty. Actual results or future
events or developments may differ materially from those expressed
or implied by the forward-looking statements due to a number of
factors, including those identified in BRP's annual management's
discussion and analysis and audited consolidated financial
statements for its fiscal year 2023, the management's discussion
and analysis and interim financial statements for the first three
quarters of its fiscal year 2024 and the other recent and future
filings with applicable Canadian and U.S. securities regulatory
authorities, available on SEDAR at sedar.com or EDGAR at sec.gov,
respectively. These factors are not intended to represent a
complete list of the factors that could affect the Company;
however, these factors should be considered carefully. The
forward-looking statements contained in this press release are made
as of the date of the press release and the Company has no
intention and undertakes no obligation to update or revise any
forward-looking statements to reflect future events, changes in
circumstances, or changes in beliefs, unless required by applicable
securities regulations. In the event that the Company does update
any forward-looking statements contained in this press release, no
inference should be made that the Company will make additional
updates with respect to that statement, related matters or any
other forward-looking statement.
About BRP
BRP Inc. is a global leader in the world of
powersports products, propulsion systems and boats built on over 80
years of ingenuity and intensive consumer focus. Through its
portfolio of industry-leading and distinctive brands featuring
Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons,
Can-Am on and off-road vehicles, Alumacraft and Quintrex boats,
Manitou pontoons and Rotax marine
propulsion systems as well as Rotax engines for karts and
recreational aircraft, BRP unlocks exhilarating adventures and
provides access to experiences across different playgrounds. The
Company completes its lines of products with a dedicated parts,
accessories and apparel portfolio to fully optimize the riding
experience. Committed to growing responsibly, BRP is developing
electric models for its existing product lines and exploring new
low voltage and human assisted product categories. Headquartered in
Quebec, Canada, BRP has annual
sales of CA$10 billion from over 130 countries and a global
workforce of close to 23,000 driven, resourceful people.
www.brp.com
@BRPNews
Ski-Doo, Lynx, Sea-Doo, Can-Am, Rotax, Alumacraft, Manitou, Quintrex, and the BRP logo are
trademarks of Bombardier Recreational Products Inc. or its
affiliates. All other trademarks are the property of their
respective owners.
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SOURCE BRP Inc.