Arctic Cat Celebrates the Brand's 50th Anniversary
Thief River Falls, Minn. (April 28th, 2011) – Arctic Cat will celebrate the brand's 50th Anniversary as thousands of loyal Arctic Cat enthusiasts converge upon Thief River Falls, Mn on July 29th and 30th. The celebration will be open to the public and all events are free.
Arctic Cat's 50th marks a major milestone which began in 1961 when Edgar Hetteen founded Polar Manufacturing in Thief River Falls. There he began producing snowmobiles that reflected his dreams. One year later he changed the company name to Arctic Cat, and began a series of innovations that transformed hulking snow "machines" into small, playful snowmobiles.
Arctic Cat has two days of non-stop activities planned with the central location sharing space between the Pennington County Fairgrounds and the Ralph Engelstad Arenas. Highlights will include factory tours on Friday and Saturday, the world's largest Arctic Cat product display called "Years of the Cat" which will be open to all Arctic Cat – related products regardless of model or year, an Arctic Cat-only swap meet, ATV and UTV demo tracks, special 50th Anniversary clothing and memorabilia will be sold, autograph sessions with Team Arctic heroes, race truck displays and several events for kids, plus music, food and much more.
Hotels are already filling up quickly so make your reservation now. For a listing of local lodging and camping opportunities in Thief River Falls, please log on to www.visittrf.com. For other nearby areas: www.visitcrookston.com, www.visitgrandforks.com and www.shootingstar.com.
If you are interested in the swap meet or showcasing product in the "Years of the Cat" display, please contact Joel Hallstrom at firstname.lastname@example.org.
Brad Darling Named Vice President/General Manager of
Arctic Cat Snowmobile Division
Plymouth, MN (November 16, 2010) - Brad Darling has accepted a promotion to Vice President/General Manager of Arctic Cat Snowmobile Division effective 1/1/2011.
In this role, Brad will be responsible for leading and growing Arctic Cat's snowmobile business, building and executing a global strategy, and identifying and developing new and differentiated products and services that deliver on Arctic Cat's financial and strategic objectives.
Brad brings many years of related experience to this position as he spent 10 years in the Lawn & Garden industry before joining Arctic Cat in May 2000 as a District Sales Manager. In October 2004, he was promoted to National Sales Manager (Canada). Brad was successful in rebuilding Arctic Cat's Canadian dealer network raising Arctic Cat to a strong #2 position in Snowmobiles, and more than doubled the company's ATV market share. In May 2008, he was named North American Sales Director where he focused on strengthening the Sales Team and dealer network while growing Arctic Cat's market share for both Snowmobiles and ATVs during the most challenging economic times.
Brad grew up in Canada in the Power sports business, working with and around Snowmobiles his entire life. He worked in a family dealership for more than 18 years starting at the age of 7. Brad even began racing at the age of 6 on an Arctic Cat Kitty Cat.
Leadership Succession Plans
MINNEAPOLIS, Oct. 28, 2010 — Arctic Cat Inc. (NASDAQ: ACAT) announced today that Christopher Twomey, 62, plans to retire as chief executive officer at the end of December 2010. He will continue to serve as executive board chair to ensure a smooth transition. The company named Claude Jordan, 54, to succeed Twomey as president and chief executive officer on January 1, 2011.
The company's leadership succession plan accommodates Twomey's decision to retire after serving as Arctic Cat's CEO for 24 years. He became president and CEO in 1986, was named a director of the company in 1987 and assumed the board chair position in 2003. During his tenure, Twomey led Arctic Cat through an initial public offering in 1990, increased the number of employees from 99 to more than 1,300 people, and grew revenues from $7.5 million to more than $450 million in fiscal 2010. Under Twomey's leadership, Arctic Cat also entered the all-terrain vehicle (ATV) business, which now accounts for the largest percent of the company's revenues. Twomey's contributions to the industry were recognized by his being named to the Snowmobile Hall of Fame in 2008.
"First, the board wants to thank Chris for his leadership of the company for more than two decades. He built Arctic Cat into a market leader in the power sports industry, and is leaving the company in strong financial shape with an outstanding team. We look forward to continuing to work with Chris as board chair," said Kenneth Roering, lead director of Arctic Cat's board. "The board also congratulates Claude on his new role. He has a proven record of success at Arctic Cat and a deep understanding of the company's business. We are confident in his ability to continue to profitably grow the company and enhance shareholder value."
Jordan joined Arctic Cat as president and chief operating officer in 2008, and was elected to the company's board of directors in August 2010. During that time, Jordan has been responsible for Arctic Cat's operations and has led the company's ATV business for the past two years, implementing significant product line changes and increasing Arctic Cat's ATV market share.
Twomey commented: "During the past two years, Claude played a significant role in the company's return to profitability, despite a recession that hit the power sports industry hard. His understanding, energy and passion for this business will serve Arctic Cat well."
"I'm excited to build upon Arctic Cat's strong reputation, and I look forward to working with our dedicated employees to grow this business," Jordan stated. "My initial priorities are to continue carrying out Arctic Cat's strategic plan and to further enhance the company's profitability and operational efficiency. Arctic Cat is well-positioned for success. We have the vision, proven strategies and talented people to achieve our long-term goals."
Before joining Arctic Cat, Jordan was employed most recently in executive positions with The Home Depot and General Electric. Jordan served as vice president of The Home Depot and president/general manager of its THD At-Home Services, Inc. business from 2003 until 2008.
Prior to that, Jordan was with General Electric Company from 1998 to 2003. During his last four years with General Electric, he served as president and CEO of GE Water Technologies, a worldwide water treatment manufacturing, sales and services business. Before heading GE Water Technologies, Jordan spent a year in business development with GE Power Systems, managing mergers and acquisitions for new initiatives.
Jordan earned a bachelor's degree from the U.S. Naval Academy in Annapolis, Md., a master's degree from Catholic University in Washington, D.C., and an M.B.A. from The Wharton School at the University of Pennsylvania.
1,000,000 Reasons To Be Thankful
On August 26, 2010, Arctic Cat® built its 1,000,000th snowmobile since August 1983. The 2011 Crossfire™ 800 LTD rolled off the production line and led a procession of more than 800 employees outside for this group photo.
Arctic Cat would like to thank you for helping in achieving this goal and looks forward to the next 1,000,000 snowmobiles.
Bringing It Back To Minnesota
Arctic Cat Announces Plan to Begin Manufacturing Snowmobile Engines in Minnesota
Arctic Cat to begin manufacturing snowmobile engines in its St. Cloud facility after 2014 model year
MINNEAPOLIS, June 10, 2010 – Arctic Cat Inc. (NASDAQ: ACAT) today announced that it has entered into an agreement to transition its snowmobile engine manufacturing from Suzuki Motor Corporation. Arctic Cat will begin manufacturing some of its own snowmobile engines in St. Cloud, Minn., after the 2014 model year. Currently, Suzuki supplies all engines for Arctic Cat’s snowmobiles. Suzuki will continue to supply the company with engine parts to service existing engines after the 2014 model year.
Commented Arctic Cat’s chairman and chief executive officer Christopher A. Twomey: “Suzuki has been an outstanding engine supply partner for more than 25 years and remains a significant shareholder in Arctic Cat. However, we are changing our engine strategy in order to gain more control over our products, and enhance our ability to meet regulatory and performance requirements. This also will enable us to better utilize our current engine manufacturing capacity, resulting in potentially better costs.”
Twomey added: “Our St. Cloud engine facility has been a great addition for the company since we began manufacturing our ATV engines there in 2007.”
The 56,000-square- foot plant is located on 15 acres and currently employs 41 people. At this time, the company plans to use existing plant capacity and personnel during the transition. Arctic Cat expects snowmobile engine production to begin in St. Cloud in fiscal 2015.