A Harley-Davidson board member has resigned after raising serious concerns about the company's direction, triggering an 11% drop in the stock on Thursday.
Jared Dourdeville, who represents Harley's second-largest shareholder, H Partners, cited “cultural depletion” stemming from leadership departures and remote work policies in a letter to the board. He also called for the resignation of CEO Jochen Zeitz and two other directors.
Harley said Dourdeville quit ahead of a scheduled board meeting to address his concerns and after voting against the board’s decision not to appoint his preferred CEO candidate.
Earlier this week, Harley announced that Zeitz plans to retire in 2025, staying on until a successor is found. The company continues to face challenges attracting younger riders, and is now leaning on higher-margin Touring bikes and custom vehicle offerings to appeal to wealthier customers.
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This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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