Polaris Industries Inc. (NYSE: PII) announced that Scott W. Wine, its Chairman and Chief Executive Officer, has been elected to serve as a director of U.S. Bancorp (NYSE: USB), effective July 14, 2014.
“It is a tremendous honor to join the Board of Directors of U.S. Bancorp, a great banking institution with a stellar reputation for efficiency, integrity, and strong financial results,” said Wine. “I look forward to contributing to, and learning from Richard K. Davis and the rest of the board.”
Minneapolis-based U.S. Bancorp, with $371 billion in assets as of March 31, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The company operates 3,083 banking offices in 25 states and 4,906 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.
“We are delighted that Scott will be bringing his extensive experience and insight to our board,” said Richard K Davis, chairman, president and chief executive officer of U.S. Bancorp. “He is a talented and recognized leader, and will provide valuable contributions and guidance in the years ahead.”
Looks like a backward move to me !
Banks and Bankers are thieving parasites !!!
Crazy Kiwi. He is not going backward. He remains at the same time chairman & CEO of Polaris!
Many presidents, ceo’s belong to the board of another corporation.
This is actually good. Some other notable Indian Chiefs in the past that were also CEO’s of ther companies were E Paul DuPont and Ralph B Rogers. Maybe now they’ll sell more bikes with US Bank doing the financing……..
Crazy Kiwi is correct, banks and lawyers are thieving parasites!
I hope he brings biker mentality (ethics) to the bank and not banker mentality back to Polaris!
As him when they are doing the recall on the 2014 Chief Vintage leather…people already have bags ripping & the “distressed” leather fading to white
Right on BobS ! ! !
It’s kinda refreshing to see a motorcycle company CEO that looks like he has actually sat on a bike before =).
Bob S. Hopes that he brings a “biker mentality” back to polaris. However, I see he has a way to go…checkout the slacks and shoes.
Does anyone actually believe there’s a “biker mentality” even in the MC industry’s CEOs anymore? All that counts is a business mentality, does anyone think the CEO of a condom company has to be a horndog or the head of Pepsico only lives on soda, fast foods and snack chips?
He would look much better in a pair of J Adler motorcycle boots! But seriously it is nice to see a CEO that knows the business!