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Harley-Davidson Announces New Chief Financial Officer

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/EIN News/ — Milwaukee, Sept. 21, 2020 (GLOBE NEWSWIRE) — Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE:HOG) announced that Gina Goetter, a top finance executive at Tyson Foods, will join the company as Chief Financial Officer, effective September 30.

Goetter has more than twenty years of experience driving strong financial and operational results and leading transformational change. Most recently, she served as Senior Vice President and CFO of Tyson Foods’s prepared foods segment, where she led the reinvention of the segment’s business model to stabilize cash flow and right-size the cost structure. Prior to Tyson Foods, Goetter held various global leadership positions with General Mills, Inc., where she led business model re-engineering and optimized procurement strategies and logistics. Goetter earned a Bachelor of Science in Finance and Economics from the University of Wisconsin – La Crosse and an MBA with a dual concentration in Finance and Marketing from Boston College.

“Gina is a CFO with the experience to drive a transformation of core processes and reporting for improved operational efficiency, build a global shared services model and modernize accounting and controls,” said Jochen Zeitz, chairman, president and CEO of Harley-Davidson. “She will add to the fresh perspectives and new capabilities now represented at the leadership level that complement the experienced talent that has been promoted from within. We have a diverse management team structured in a new way that is designed to fuel Harley-Davidson’s brand desirability and lead Harley-Davidson as a high-performing organization.”

Darrell Thomas, who assumed the role of interim CFO, will continue as Vice President and Treasurer.

The company is currently continuing through The Rewire, Harley-Davidson’s efforts to, among other things, overhaul its operating model. The Rewire is planned to continue through the end of 2020, leading to The Hardwire, a new strategic plan for 2021-2025.

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. Since 1903, Harley-Davidson has defined motorcycle culture with an expanding range of leading-edge, distinctive and customizable motorcycles in addition to riding experiences and exceptional motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get Harley-Davidson riders on the road. Learn more at

Cautionary Notes Regarding Forward-Looking Statements

The company intends that certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such by reference to this footnote or because the context of the statement will include words such as the company “believes,” “anticipates,” “expects,” “plans,” “may,” “will,” “estimates” or words of similar meaning. Similarly, statements that describe or refer to future expectations, future plans, strategies, objectives, outlooks, targets, guidance, commitments or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially, unfavorably or favorably, from those anticipated as of the date of this release. The risks and uncertainties that could cause actual results to materially differ from these statements include, among others, the Company’s ability to create and execute its business plans and strategies and strengthen its existing business while allowing for desirable growth and the COVID-19 pandemic, including the length and severity of the pandemic across the globe and the pace of recovery following the pandemic, as well as matters noted by the company in its filings with the SEC including but not limited to those described under “ Item 1A. Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on February 28, 2019 and in Part II, Item 1A of the subsequently filed Quarterly Reports on Form 10-Q. Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are only made as of the date of this press release, and the company disclaims any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Harley-Davidson Inc (HOG) SVP & CFO John A Olin Bought $256,770 of Shares

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SVP & CFO of Harley-davidson Inc (30-Year Financial, Insider Trades) John A Olin (insider trades) bought 13,500 shares of HOG on 05/13/2020 at an average price of $19.02 a share. The total cost of this purchase was $256,770.

Harley-Davidson Inc produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services. It operates in two segments, Motorcycles and Related Products, and Financial Services. Harley-Davidson Inc has a market cap of $3.01 billion; its shares were traded at around $19.66 with a P/E ratio of 8.48 and P/S ratio of 0.58. The dividend yield of Harley-Davidson Inc stocks is 7.66%. Harley-Davidson Inc had annual average EBITDA growth of 8.70% over the past ten years. GuruFocus has detected 2 severe warning signs with Harley-Davidson Inc.

Directors and Officers Recent Trades:

  • Chairman and Acting President Jochen Zeitz bought 51,020 shares of HOG stock on 05/13/2020 at the average price of $19.52. The price of the stock has increased by 0.72% since.
  • Chairman and Acting President Jochen Zeitz bought 97,850 shares of HOG stock on 05/08/2020 at the average price of $21.26. The price of the stock has decreased by 7.53% since.

Royal Enfield resumes production, appoints new CFO

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by Nehal Chaliawala from

The company also said that about 120 of its dealerships will resume partial operations and about 300 will be operational by the middle of this month.

Classic motorcycles maker Royal Enfield on Wednesday resumed production and also appointed Kaleeswaran Arunachalam as the chief financial officer of the company effective immediately.

The company also said that about 120 of its dealerships will resume partial operations and about 300 will be operational by the middle of this month.

The company’s manufacturing unit at Oragadam, near Chennai, will be the first to begin operations in a staggered manner, with minimal staff over a single shift. Employees and shop floor staff residing in and around plant locations will be the first to work in these units so as to avoid long-distance travel.

Operations at the company’s other two manufacturing facilities – Tiruvottiyur and Vallam Vadagal – will be started in a phased manner.

Meanwhile, office locations including corporate offices in Chennai, Gurgaon and the UK Technical Centre will continue to remain closed, and employees will continue to work from home, the company said.

The company’s new CFO Kaleeswaran succeeded Lalit Malik who had been holding the position for the last 10 years. He will report to Vinod K Dasari, the chief executive of Royal Enfield and will be part of the motorcycle company’s management team, Eicher MotorsNSE 0.35 % said in a statement.

Lalit, who is also the chief commercial officer at Royal Enfield will continue in that role.

His previous experiences include stints at Mondelez International in India and Asia, and in his early career with Aditya Birla Fashions Limited and with TVS Motor CompanyNSE 4.88 % Limited.

“He has played an instrumental role in the transformation of Future Lifestyle Fashions Limited as a market leader in its segment, through retail formats and own brands, driven by a strong business and financial model,” the statement read.