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Medina-based Polaris (NYSE: PII) said the On-Road Vehicle Division will include Victory as wellas “othert on-road products and brands,” although it was not immediately clear what else mighgt be included. “More clarity on what ‘on-road’ mean will follow in later announcements,” spokeswomanj Marlys Knutson said inan e-mail. Victory generatefd $93.6 million in sales in 2008, or abougt 4.8 percent of the company's totalp sales of $1.95 billion. Meanwhile, off-roacd vehicles accounted for 67 percent oftotalo revenue; parts, garments and accessories made up 17.6 perceng of sales and snowmobiles accounted for 10.
5 In a statement, Polaris CEO Scott Wine said, “Thies new division will support our efforts to be the best in powersportsx and continue building on our strong on-roa d brands and global market leadership in this critical Mike Jonikas will lead the new division, fillinhg the newly created role of vice president of the On-Road Vehicle Division. He previously served as vice president of sales andcorporatr marketing. Meanwhile, Mark Blackwell will served as vice president of motorcycles and Stevde Menneto was promoted to generalo manager ofVictory Motorcycles. Blackwelk has led Victory's day-to-day operations for the past eight while Menneto was director of NorthAmerican sales.
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