Polaris honors Maple Plain man

Company inducts retired CFO Mike Malone into hall of fame

Pictured (from left) are Tim Larson, Colleen Malone, Mike Malone, Scott Wine, Katie Malone and Dan Malone. (Submitted photo)
Pictured (from left) are Tim Larson, Colleen Malone, Mike Malone, Scott Wine, Katie Malone and Dan Malone. (Submitted photo)
Polaris Industries Inc. recently inducted retired company executive Mike Malone into the Polaris Hall of Fame during a ceremony at the Polaris National Sales Meeting held in Nashville.

The Polaris Hall of Fame was established in 2004 during the company’s 50th anniversary. Retired employees and Polaris dealers are among those recognized for their roles in the company’s growth and success.

“We are honored to pay tribute to special individuals like Mike and the outstanding dealers that were inducted this year into the Polaris Hall of Fame,” said Polaris CEO Scott Wine. “Their dedication and commitment have been instrumental in the company’s continued growth and long-term success.”

Malone joined Polaris in 1984 as an accounting manager, and in 1993 he was named Vice President and Treasurer. Four years later he became Vice President-Finance and Chief Financial Officer (CFO), titles he held until his retirement in 2015.

For most of his 30-plus years with Polaris, he led the talented team that oversaw the company’s finances. He served as the fiscal conscience as Polaris grew to become a global leader in the powersports industry.

Malone helped Polaris evolve from being primarily a snowmobile manufacturer with limited seasonal cash flow into a diversified manufacturer of on- and off-road vehicles with brands that are popular with riders worldwide.

With Mike overseeing financial concerns, Polaris successfully converted to dealer-direct distribution in North America, and the company greatly expanded its manufacturing and distribution facilities and capabilities, both in North America and on an international level.