ICYMI – Harley-Davidson board member resigns, cites 'grave issues' about firm

Information by way of Reuters.

A Harley-Davidson board member has resigned after elevating severe issues concerning the firm’s route, triggering an 11% drop within the inventory on Thursday.

Jared Dourdeville, who represents Harley’s second-largest shareholder, H Companions, cited “cultural depletion” stemming from management departures and distant work insurance policies in a letter to the board. He additionally known as for the resignation of CEO Jochen Zeitz and two different administrators.

Harley mentioned Dourdeville stop forward of a scheduled board assembly to deal with his issues and after voting in opposition to the board’s determination to not appoint his most popular CEO candidate.

Earlier this week, Harley introduced that Zeitz plans to retire in 2025, staying on till a successor is discovered. The corporate continues to face challenges attracting youthful riders, and is now leaning on higher-margin Touring bikes and customized automobile choices to enchantment to wealthier prospects.

Little bit of an previous pic, however they do not change an excessive amount of

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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