Major Harley Davidson, CEO and remove two others from the Council

A major shareholder in Harley Davidson He calls for major changes to the company’s board of directors, the CEO of Jochen Zeitz and other members of the company must be removed for a long time.

The Harley-Davidson administration said on Wednesday that it is asking the other share-shaphic shareholders in the next shareholders meeting in May when he was re-elected Zetz and two other members of the Board of Directors, Thomas Linebarger and Sara Levinson, ascends to vote.

The company’s share in the motorcycle company reaches about 9.1 %. One of her managers, Jared Dorieville, was on the Harley-Davidson Board of February 2022 until earlier this month, when she resigned.

The investment company in a file with the Securities and Exchange Commission (SEC) said that the shareholders who vote for “blocking” will “send a strong message to the council that they are not satisfied with the current situation and that the calm change is required.”

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In a message available to the public, he called H Partners to the Harley-Davidson plate “immediately removing” and replacing Zeitz with temporary executive director “until the permanent external CEO is chosen. ”

“We believe that the unseen CEO, who has already announced his intention to retire, should not make decisions that could affect long -term work prospects,” the investment company said. “We also believe that the current council, which is tightly controlled by a small number of established board members, cannot be trusted to oversee decisive decisions, including the Caliphate CEO.”

index	protection	last	Changing	% Change
pig	Harley-Davidson Inc.	22.29	+0.67	+3.10 %

Earlier this month, Harley Davidson revealed that he was in the midst of the process of finding a new executive director of Zetz, who informed the council in the last quarter of last year that he wanted to retire.

H Partners says that the motorcycle company has witnessed “weak performance” due to the inability to correct the training course “partially blame for Zeitz and Linebarger.

He claimed that the two “was not completely transparent with the rest of the council.” Zeitz, Linebarger and Levinson “firm” and “unable to hold each other accountable for weak performance,” he claimed.

“It is deeply anxious that if the council – as is currently composed – the new permanent executive director chooses, there will be a continuation of the current strategic guidance of the company and destroy more important value of the shareholders.”

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As of Wednesday, Harley Davidson contributed She fell More than 24 % since the beginning of the year. During the past 12 months, they recorded a decrease of 42.7 %.

H said in her message to shareholders: “We believe that it is necessary to find a leader who fixes the relationship with merchants, interacts with cyclists, respects and enhancing the brand, improving corporate culture, restoring the financial presence of the company at its historical headquarters in Milwoki, and returning Harley Davidson to greatness.”

Fox Business has arrived at Harley-Davidson for comment.

In early February, the company said it had achieved $ 4.12 billion in 2024, a 14.9 % decrease on an annual basis. Meanwhile, its annual net income fell to $ 455.36 million.

Zetz said at the time that Harley Davidson “has witnessed that our performance was greatly affected by Continuous periodic winds For estimated products, including high interest rate environment that affects consumer confidence “in 2024.

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The company said 2025 that its revenues will be “flat, to 5 %.”