BRP announced yesterday that president and CEO José Boisjoli has informed the board of his intention to retire by the end of the fiscal year, at which time he will also step down from his role as chairman of the board. As part of a succession plan, the board is conducting a search for the next president and CEO. Boisjoli will lead BRP until the appointment of a successor.
“On behalf of the board, I want to thank José for guiding BRP on a tremendous path of growth and diversification over the past 22 years, and for his stewardship of the business,” Barbara Samardzich, lead board director, said in a statement. “He has led with purpose and vision, implementing impactful strategies that have resulted in strong value creation and significant returns for shareholders.”
In 2003, Boisjoli, president of the snowmobile and watercraft division of Bombardier, became president and CEO of BRP on the day it became a standalone company.
“Leading BRP has never been a job; it’s been a work of passion and a true honor,” Boisjoli said in the statement. “During my 36-year career at BRP, I have had the privilege to shape its DNA alongside brilliant minds and talented people who have relentlessly pushed the limits of innovation to offer the best experiences to our riding communities. … I am proud that we have proven ourselves capable of changing the name of the game within the powersports industry and built a strong organization that is well-positioned for the long term.”
