Harley-Davidson Announces H Partners Representative to Join Board

Rhea-AI Summary

Harley-Davidson (NYSE: HOG) announced a cooperation agreement with major shareholder H Partners, with Jared Dourdeville joining its Board of Directors. He will also serve on the Human Resources and Nominating Committees. Lead Director Tom Linebarger expressed optimism about the collaboration, emphasizing a focus on long-term profitable growth. Dourdeville's appointment is seen as a strategic move to reinvigorate the brand under CEO Jochen Zeitz's leadership. Full details will be disclosed in a Form 8-K filing with the SEC.

Positive

• Jared Dourdeville joins the Board, indicating shareholder engagement.
• Focus on long-term profitable growth as stated by company leadership.

Negative

• None.

MILWAUKEE, Feb. 3, 2022 /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson") (NYSE: HOG), the world's most desirable motorcycle company, today announced that it has entered into a cooperation agreement with one of its major shareholders, H Partners. As part of the agreement, Jared Dourdeville, a Partner at H Partners, has joined the Harley-Davidson Board of Directors. Mr Dourdeville has also been appointed to the Human Resources Committee and the Nominating and Corporate Governance Committee.

"We believe this agreement is in the best interest of Harley-Davidson shareholders, as we look to deliver long-term, profitable growth, as the most desirable motorcycle company in the world," said Tom Linebarger, Lead Director, Harley-Davidson. "We look forward to welcoming Mr. Dourdeville to the Board."

"Under the leadership of Jochen Zeitz, we believe Harley-Davidson's best days are ahead, and we look forward to partnering with the Board, leadership team, and employees to reinvigorate this iconic American company," said Dourdeville.

The complete agreement between Harley-Davidson and H Partners will be included in a Form 8-K to be filed with the United States Securities and Exchange Commission (SEC).

Company Background
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Our ambition is to maintain our place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road. www.harley-davidson.com.

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View original content:https://www.prnewswire.com/news-releases/harley-davidson-announces-h-partners-representative-to-join-board-301474776.html

SOURCE Harley-Davidson, Inc.

FAQ

Who has joined the Harley-Davidson Board of Directors?

Jared Dourdeville from H Partners has joined the Board.

What is the significance of Harley-Davidson's agreement with H Partners?

The agreement aims to enhance shareholder value and drive long-term growth.

When was the cooperation agreement with H Partners announced?

The agreement was announced on February 3, 2022.

What committees will Jared Dourdeville serve on?

Dourdeville will serve on the Human Resources Committee and the Nominating and Corporate Governance Committee.

What is Harley-Davidson's stock symbol?

Harley-Davidson's stock symbol is HOG.