01:24:27 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



BRP Inc
Symbol DOO
Shares Issued 32,985,525
Close 2024-01-18 C$ 91.81
Market Cap C$ 3,028,401,050
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BRP appoints Scullion president, power sports, marine

2024-01-18 12:57 ET - News Release

Mr. Jose Boisjoli reports

BRP ANNOUNCES ORGANIZATIONAL STRUCTURE CHANGES AND RELATED EXECUTIVE LEADERSHIP APPOINTMENTS

BRP Inc. has made some changes to its power sports and marine organizational structures, aimed at maximizing efficiencies and operational excellence, while leveraging its leaders' expertise to better position the company for long-term growth.

The power sports 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, power sports group, is appointed to the position of president, power sports and marine. In this position, Mr. Scullion will assume P&L (profit and loss) 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 power sports and marine groups under the leadership of Patrick Dussault. Mr. Dussault, who was already leading the manufacturing operations for power sports, is therefore appointed to the position of executive vice-president, global manufacturing operations, power sports 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, power sports and marine. A long-standing executive of BRP with 35-plus 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 power sports and marine groups will further improve BRP's position for its long-term growth," said Jose Boisjoli, president and chief executive officer of BRP. "Having Sandy at the helm of power sports 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-per-cent focused on bringing cutting-edge innovations to our lineups to fuel our competitive edge."

About BRP Inc.

BRP Inc. is a global leader in the world of power sports 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 $10-billion from over 130 countries and a global work force of close to 23,000 driven, resourceful people.

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