Jordan previously president of business units for The Home Depot
and GE
MINNEAPOLIS--(BUSINESS WIRE)--Aug. 25, 2008--Arctic Cat Inc.
(Nasdaq: ACAT) today announced that the company has named Claude J.
Jordan, 52, as president and chief operating officer, effective
immediately. Jordan reports to Christopher Twomey, Arctic Cat's
chairman and chief executive officer.
"Claude has a proven track record of success in executive
leadership positions," said Twomey. "His extensive background in
growing global businesses, organically and through mergers and
acquisitions, will be strong assets to Arctic Cat and our
shareholders. We are pleased to welcome him aboard."
Jordan brings more than 20 years of experience in senior executive
positions, most recently with The Home Depot and General Electric.
Commented Jordan, "I am excited to be joining the Arctic Cat
leadership team. This is a great opportunity to work with a business
that has a long history of success, a strong brand, highly innovative
products and an outstanding organization. I look forward to working
with the Arctic Cat team to build on the company's strengths and
achieve continued success."
Most recently, Jordan was employed as vice president of The Home
Depot and president of its THD At-Home Services business from 2003
until 2008. During this period, THD At-Home Services' sales grew more
than 300 percent, making it one of the world's largest home services
businesses with a focus on home improvement projects.
Before that, Jordan was with General Electric Company from 1998 to
2003. During his last four years with General Electric, he served as
president and CEO of GE Water Technologies, a worldwide water
treatment manufacturing, sales and services business, based outside of
Toronto, Canada. During his tenure, Jordan developed and executed a
successful growth strategy that enabled sales and profit to increase
substantially, while laying the foundation for GE's water business.
Before heading GE Water Technologies, Jordan spent a year in business
development with GE Power Systems, managing mergers and acquisitions
for new initiatives.
From 1993 until 1997, Jordan held a variety of roles with
NYSE-traded Memtec Limited, a global material sciences-based
purification and separation business, headquartered in Windsor,
Australia. There, he was vice president of corporate development with
responsibility for worldwide mergers, acquisitions and divestitures.
Jordan also served as president of Memtec's Memcor Americas division,
where he oversaw the turnaround of this technology-driven capital
equipment business. During his tenure, sales grew 200 percent, and the
13-year-old division generated its first-ever operating profit.
In addition, Jordan spent time with the consulting firms of
Strategic Insight Inc. and Arthur D. Little, Inc., and served as an
officer in the United States Navy.
Jordan earned a bachelor's degree from the U.S. Naval Academy in
Annapolis, MD, a master's degree from Catholic University in
Washington, and an M.B.A. degree from The Wharton School at the
University of Pennsylvania. He will relocate shortly to Minnesota,
with his wife and two children, from his current home in Georgia.
About Arctic Cat
Arctic Cat Inc. designs, engineers, manufactures and markets
all-terrain vehicles (ATVs) and snowmobiles under the Arctic Cat(R)
brand name, as well as related parts, garments and accessories. Its
common stock is traded on the Nasdaq Global Select Market under the
ticker symbol "ACAT." More information about Arctic Cat and its
products is available at www.arcticcat.com.
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CONTACT: For Arctic Cat Inc.
Padilla Speer Beardsley Inc.
Shawn Brumbaugh, 612-455-1754
SOURCE: Arctic Cat Inc.