BRP said in a statement that Laurent Beaudoin will step down as chairman of its board of directors and will be replaced by BRP CEO José Boisjoli. Beaudoin will become Chairman Emeritus.
Beaudoin, according to the statement, has played a critical role in the development of BRP’s business since 1963. He said it had been an “honor” to be board chairman for the last 16 years, and would remain a “mentor and advisor” to the management team.
“As BRP’s president and CEO as well as chairman, José’s tremendous knowledge of the powersports industry and his insights about the company will greatly benefit the board,” said Beaudoin. “I have no doubt that José, with the support of the entire team, will pursue BRP’s journey by continuing to deliver strong results and evolve the company for the future.”
Michael Hanley, an independent director since 2012, will be appointed Lead Director. He will be tasked with providing leadership to the directors so that the board carries out its responsibilities effectively.
The appointments will take place after BRP’s annual shareholder meeting on May 30, 2019.