MINNEAPOLIS (June 18, 2014) – Polaris Industries Inc. (NYSE: PII) announced that Scott W. Wine, its Chairman and Chief Executive Officer, has been elected to serve as a director of U.S. Bancorp (NYSE: USB), effective July 14, 2014.
“It is a tremendous honor to join the Board of Directors of U.S. Bancorp, a great banking institution with a stellar reputation for efficiency, integrity, and strong financial results,” said Wine. “I look forward to contributing to, and learning from, Richard and the rest of the board.”
Minneapolis-based U.S. Bancorp, with $371 billion in assets as of March 31, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The company operates 3,083 banking offices in 25 states and 4,906 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
“We are delighted that Scott will be bringing his extensive experience and insight to our board,” said Richard K Davis, chairman, president and chief executive officer of U.S. Bancorp. “He is a talented and recognized leader, and will provide valuable contributions and guidance in the years ahead.”
Visit U.S. Bancorp on the web at usbank.com.
Polaris is a recognized leader in the powersports industry with annual 2013 sales of $3.8 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris RANGER® and RZR® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles.
Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian Motorcycle brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid powered vehicle industry with Global Electric Motorcars (GEM), Goupil Industrie SA, Aixam Mega S.A.S., and internally developed vehicles. Polaris enhances the riding experience with a complete line of Polaris Engineered Parts, Accessories and Apparel, Klim branded apparel and ORV accessories under the Kolpin and Cycle Country brands.
Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.
Information about the complete line of Polaris products, apparel and vehicle accessories are available from authorized Polaris dealers or anytime at www.polaris.com.