Polaris Industries Inc. (NYSE:PII) has announced that Todd Balan, Vice President of Corporate Development, has elected to leave Polaris to explore other opportunities after six years of leading the Corporate Development team. Discussions regarding Balan's transition began mid-2015, ensuring a smooth and planful transition.

"We thank Todd for his contributions over the last six years, including the spearheading of 25 transactions and being instrumental in the strategic acquisition of Indian Motorcycle," said Scott Wine, CEO and Chairman of Polaris. "We wish him well in the future."

Guido Neizert, Managing Director, Adjacent-Market Development, will serve as interim leader.