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KTM’s Pierer Joins Polaris Board
Stefan Pierer, managing director of and a principal shareholder in KTM Power Sports AG, joined the Board of Directors of Polaris Industries, Inc., effective October 20.
Pierer’s appointment increases the size of Polaris’ Board of Directors to 10 members. Pierer will also serve as a member on the Technology Committee of the Board of Directors and will stand for re-election to the Polaris Board of Directors at its 2006 Annual Meeting of Shareholders.
Minnesota-based Polaris is a 24.9% shareholder in KTM, based in Mattighofen, Austria.
Polaris Industries Inc. trades on the New York Stock Exchange and Pacific Stock Exchange under the symbol “PII,” and the Company is included in the S&P Small-Cap 600 stock price index.
