Arctic Cat names Christopher Metz as president and CEO; Twomey remains chairman

MarketsAssociated Press

Arctic Cat has named as its new CEO the managing director of private investment firm Sun Capital Partners Inc.

Christopher T. Metz, 49, had been the president of Black & Decker for six years before joining Sun Capital in 2005.

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Metz succeeds Christopher Twomey, who became interim CEO in June when Claude Jordan had stepped down as chairman and CEO. Twomey will continue as the company's chairman.

Arctic Cat Inc., which makes recreational vehicles and snowmobiles, saw a 15 percent jump in revenue last year. It beat Wall Street expectations in its most recent quarter, yet shares have been in decline since hitting an all-time high in October 2013. Shares that traded at $56.23 to start the year, closed at $32.83 Thursday.

The company is based in Plymouth, Minnesota.