Polaris Management
Management criteria checks 3/4
Polaris' CEO is Mike Speetzen, appointed in Apr 2021, has a tenure of 2.92 years. total yearly compensation is $8.87M, comprised of 12.7% salary and 87.3% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth MX$45.10M. The average tenure of the management team and the board of directors is 7.1 years and 8.3 years respectively.
Key information
Mike Speetzen
Chief executive officer
US$8.9m
Total compensation
| CEO salary percentage | 12.7% |
| CEO tenure | 3yrs |
| CEO ownership | 0.05% |
| Management average tenure | 7.1yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$9m | US$1m | US$503m |
| Sep 30 2023 | n/a | n/a | US$596m |
| Jun 30 2023 | n/a | n/a | US$635m |
| Mar 31 2023 | n/a | n/a | US$642m |
| Dec 31 2022 | US$9m | US$1m | US$603m |
| Sep 30 2022 | n/a | n/a | US$497m |
| Jun 30 2022 | n/a | n/a | US$424m |
| Mar 31 2022 | n/a | n/a | US$437m |
| Dec 31 2021 | US$10m | US$1m | US$496m |
| Sep 30 2021 | n/a | n/a | US$604m |
| Jun 30 2021 | n/a | n/a | US$654m |
| Mar 31 2021 | n/a | n/a | US$263m |
| Dec 31 2020 | US$4m | US$644k | US$360m |
| Sep 30 2020 | n/a | n/a | US$25m |
| Jun 30 2020 | n/a | n/a | -US$53m |
| Mar 31 2020 | n/a | n/a | US$270m |
| Dec 31 2019 | US$3m | US$624k | US$324m |
| Sep 30 2019 | n/a | n/a | US$316m |
| Jun 30 2019 | n/a | n/a | US$324m |
| Mar 31 2019 | n/a | n/a | US$328m |
| Dec 31 2018 | US$3m | US$595k | US$335m |
| Sep 30 2018 | n/a | n/a | US$275m |
| Jun 30 2018 | n/a | n/a | US$262m |
| Mar 31 2018 | n/a | n/a | US$231m |
| Dec 31 2017 | US$3m | US$572k | US$172m |
Compensation vs Market: Mike's total compensation ($USD8.87M) is above average for companies of similar size in the MX market ($USD2.66M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Speetzen (54 yo)
3yrs
Tenure
US$8,873,477
Compensation
Mr. Michael T. Speetzen, also known as Mike, serves as the Chief Executive Officer of Polaris Inc. since April 30, 2021 and its Director since May 2021. He had been an Interim Chief Executive Officer at Po...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 3yrs | US$8.87m | 0.053% $ 45.1m | |
| CFO, Executive VP of Finance & Corporate Development | 8yrs | US$3.10m | 0.044% $ 36.9m | |
| President of Off-Road | 8.6yrs | US$3.02m | 0.048% $ 40.3m | |
| President of Parts | 12.2yrs | US$2.47m | 0.042% $ 35.6m | |
| VP of Off Road Engineering & CTO | less than a year | no data | no data | |
| Senior VP and Chief Digital & Information Officer | no data | no data | no data | |
| Vice President of Investor Relations | 2.3yrs | no data | no data | |
| Senior VP | 6.3yrs | US$3.54m | 0.039% $ 33.3m | |
| Senior VP & Chief Human Resources Officer | 13yrs | US$2.48m | 0.035% $ 29.7m | |
| Chief Customer Growth Officer | no data | no data | no data | |
| President of On-Road & International | 8.6yrs | no data | 0.12% $ 101.0m | |
| President of Marine | 1.9yrs | no data | 0.015% $ 12.3m |
7.1yrs
Average Tenure
54.5yo
Average Age
Experienced Management: PII *'s management team is seasoned and experienced (7.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.9yrs | US$8.87m | 0.053% $ 45.1m | |
| Independent Chair of the Board | 16.8yrs | US$433.05k | no data | |
| Independent Director | 10.5yrs | US$284.37k | no data | |
| Independent Director | 6.7yrs | US$299.34k | 0.0071% $ 6.0m | |
| Executive Vice Chairman for TAP | 6yrs | no data | no data | |
| Independent Director | 8.3yrs | US$289.83k | 0.018% $ 15.1m | |
| Independent Director | 13.3yrs | US$304.46k | 0.0089% $ 7.5m | |
| Independent Director | 14.3yrs | US$277.52k | no data | |
| Independent Director | 2.8yrs | US$278.89k | no data | |
| Independent Director | 5.1yrs | US$257.29k | no data | |
| Independent Director | 8.8yrs | US$257.87k | 0.0021% $ 1.8m |
8.3yrs
Average Tenure
62yo
Average Age
Experienced Board: PII *'s board of directors are considered experienced (8.3 years average tenure).