BRP Appoints Minh Thanh Tran as CFO; Sébastien Martel to Retire in April 2027
Sébastien Martel is stepping down as BRP's CFO after 12 years, handing the job to Minh Thanh Tran on October 1, then retiring in April 2027.
- 12 years
- 20+ years
- 2013
- 2018
What Happened
On September 3, 2026, BRP announced that Sébastien Martel will retire as Chief Financial Officer and that Minh Thanh Tran will be appointed CFO, effective October 1, 2026. Martel will then serve as Executive Advisor to the CEO to ensure a smooth financial leadership transition until his retirement in April 2027. BRP described the move as part of a long-planned succession strategy, announced at its Valcourt, Quebec headquarters.
Martel, who has been with BRP for more than 20 years and served as CFO for 12, helped build a resilient company with a record of profitable growth and shareholder returns. He led BRP's initial public offering on the Toronto Stock Exchange in 2013, which was named IPO of the Year, and its subsequent listing on NASDAQ in 2018.
“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.”
Tran joined BRP in 2017 and has held roles across corporate strategy, mergers and acquisitions, transformation, and product strategy. BRP credits him with leading the implementation of a new North American ERP system, developing the M28 strategic plan, paving the way for BRP's manufacturing footprint in Asia, and playing a key role in its product pipeline. Before BRP, he worked at Lazard and BMO Capital Markets, where he was involved in BRP's initial public offering in 2013.
“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. 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.”
Martel led BRP's TSX IPO, named IPO of the Year.
Martel led BRP's NASDAQ listing.
BRP announces the planned CFO transition.
Minh Thanh Tran becomes CFO; Sébastien Martel becomes Executive Advisor to the CEO.
Sébastien Martel retires from BRP.
Why this matters
The CFO controls a company's financial strategy and reporting, so investors watch changes closely. This planned handoff keeps the current CFO on as Executive Advisor through April 2027, which is designed to avoid disruption. Tran, an insider who helped build BRP's strategic plan, will lead the financial organization into what the CEO calls the next chapter of growth.
Terms in This Story
- CFO
- Chief Financial Officer, the senior executive responsible for managing a company's finances, including financial planning, reporting, and risk management.
- ERP
- Enterprise resource planning; software that integrates a company's day-to-day operations such as accounting, procurement, and inventory into one system.
- Powersports
- Motorized recreational vehicles and off-road vehicles such as snowmobiles, watercraft, and ATVs.
Summarised from the linked release; details can be imperfect — always verify against the original source.