Major Harley-Davidson shareholder wants CEO and two others removed from the board

Main shareholder Harley-Davidson Significant changes in the company’s council calls, Executive Director Jochen Zayz and two other members must be removed.

The management of the partners said on Wednesday that the votes of the shareholders of Harley’s Davidson’s shareholders in May may be “give up” the votes of the shareholders in May. Zayz and two other board members, Thomas Linebarger and Sara Levinson rise to a vote.

The company’s shares in the motorcycle company are approximately 9.1%. One of its principals, Jard Ared Durakh, from February 2022, from the beginning of this month, at Harly-Davidson’s board, until he resigned.

Harley Davidson Motorcycles’s corporate logo is displayed in Disney Springs, Walt Disney World’s Disney Springs, June 1, 2024, in Orlando, Florido. (Photo: Gary Hershorn / Getty Images / Getty Images)

The shareholders would be “sending a strong message to the Council that they are dissatisfied with the status quo,” the investment company (SEC) is required.

Get Fox Business Go by clicking here

In a publicly affected public letter, partners support Harilli-Davidson’s board to “immediately remove” and to replace Zeitz with an intermediate executive director. ”

“We believe that the absentor CEO who has already announced his intention to retire should not make decisions that can affect long-term business prospects,” said the investment company. “We believe that the current council, which is closely monitored by the small number of the crossroads, cannot trust to control decisive decisions, including the CEO.”

At the beginning of this month, Harly-Davidson revealed that it was in the process of finding a new executive director, which Zayz told the Council that he wanted to retire.

The partners say that the motorcycle feels a “poor presentation”, “The inability to be right,” which is partially accused of Zeytz and Linebarger.

A detained view of one side of Harli-Davidson’s motorcycle, which is seen on Vallamonto, Alberta, Alberta, September 10, 2023. (ARTUR WIDAK / NURPHOTO VIA GETTY Images / Getty Images)

It’s supposedly two “not completely transparent with the rest of the board.” Zeitz, Linebarger and Levinson are “tangled” and “failed to be held accountable for bad performance,” said later.

The partners said that “it is deeply concerned that if the council, as currently, the new Standing CEO would be a continuation of the current strategic direction of the company and the further destruction of a significant share value.”

Daytona Beach Bike Week prosperous despite some economic uncertainty

Stocks of Harley-Davidson on Wednesday have fallen More than 24% since the beginning of the year. In the past 12 months, they have been placed 42.7%.

“We believe that imperative is to find a leader who will restore the relationship with dealers, to deal with cyclists, to respect the corporate culture in his historic Milwaukon in his letter.

Fox Business has commented on Harly-Davidson.

In early February, the company announced that in 2024. Created an income of $ 4.12 billion, 14.9% decline in the last year of the year. Its annual net income, meanwhile, fell $ 455.36 million.

Harley-Davidson logo is seen near the store in Krakow, Poland, 2024. On January 24. (Jakub Porzycki / NUREPHOTO VIA GETTY Images / Getty Images)

Zayz said when Harley-Davidson saw that our presentation significantly affects Continuous cycle caps For discretionary products, including high interest rates affecting consumer confidence.

Click here to read more about Fox business

The company’s forecast for 2025 said that its income would be “apartment up to 5%”.