BRP, Inc., the Quebec, Canada-based parent of the Ski-Doo, Sea-Doo and Lynx power sports brands, is reporting that Sébastien Martel will retire from his position as chief financial officer (CFO) and Minh Thanh Tran will be appointed CFO, effective October 1, 2026.
Martel, pictured right, will assume the role of executive advisor to the CEO concurrent with the transition in an effort to ensure a seamless financial leadership transition until his retirement in April 2027.
The company said that Tran succeeds Martel as part of a long-planned succession strategy.
“On behalf of BRP and our Board of Directors, I would like to sincerely thank Sébastien for his unwavering commitment and outstanding contributions over his 20+ years at BRP. His leadership, strategic vision, and financial discipline truly contributed to making BRP the company it is today,” offered BRP President and CEO Denis Le Vot in a Thursday morning media release.
“Throughout his 12-year tenure as CFO, alongside his seasoned finance team, Sébastien Martel helped build a strong and resilient Company with a proven track record of solid profitable growth delivering robust shareholder returns while maintaining strong financial discipline,” the company said in a statement. “Mr. Martel also played a pivotal role in some of the company’s key historic milestones, including leading its successful initial public offering on the Toronto Stock Exchange in 2013, named IPO of the Year, and its subsequent listing on NASDAQ in 2018.”
In his new role, Tran, pictured left, is expected to continue building on the company’s solid foundation and lead its financial strategy, supporting the execution of its business priorities and long-term growth ambitions.
“With his proven leadership, strong financial acumen and experience, and deep understanding of the powersports industry, Minh Thanh is the right person to succeed Sébastien, lead BRP’s financial organization and help shape our next chapter of growth,” added Le Vot. “Our thorough CFO transition to such a high-quality internal successor reflects the strength of our executive team and our commitment to further position the business for lasting success.”
The company said that Tran has built a remarkable leadership track record across corporate strategy, mergers and acquisitions, transformation, and product strategy since joining BRP in 2017.
“He has spearheaded several key initiatives that have driven BRP’s success, including leading the implementation of a new North American ERP system, developing BRP’s M28 strategic plan and paving the way for the company’s manufacturing footprint in Asia,” BRP noted. “Mr. Tran also played a key role in the development of BRP’s innovative product pipeline, helping position the company for future growth.”
Prior to BRP, Tran reportedly built deep expertise in investment and corporate banking with Lazard and BMO Capital Markets, where he was involved in BRP’s initial public offering in 2013.
Images courtesy BRP, Inc.
