Directors

Ford CEO Jim Farley nominated to Harley-Davidson board of directors

by Phoebe Wall Howard from https://www.freep.com Ford CEO Jim Farley, owner of two classic Harley-Davidson motorcycles, has agreed to serve on the board of the Milwaukee-based company. The director nomination was submitted Friday by the motorcycle manufacturer’s CEO Jochen Zeitz as part of the 2021 Notice of the Annual Meeting of Shareholders and Proxy Statement, released in advance of the May 20 vote. Farley is the only new board nominee. If approved, he would join executives with diverse corporate backgrounds that include Levi Strauss, Ocean5, Starbucks, he Bill & Melinda Gates Foundation, ABB Robotics and the Cummins engine and technology company. “Jochen’s vision to bring adventure to a wider audience in different forms resonates with me. I’m honored to be nominated for a seat on the Harley-Davidson board,” Farley told the Free Press on Saturday. “It’s also good for Ford, another chance for us to learn from one of the best,” he said. “This is a legendary American brand with a proud global history and enduring values. Like Ford, they now want to transform how people move, including new customers —through always-on relationships, new technologies and must-have products and services.” Zeitz and Farley, both 58, run iconic American manufacturing brands in the midst of the coronavirus pandemic. They’ve had to cut jobs, restructure and redefine their legacies. Zeitz is a turnaround expert who transformed Puma from near bankruptcy to a top athletic brand globally. He took the top job at Harley-Davidson in May. Farley assumed the top job at Ford in October. Not only does Farley collect classic cars, but he also owns and rides Harley-Davidson bikes: a 1930 Knucklehead and a 1942 WLA Navy bike. He restored both bikes with a lot of help from his friends. Farley is known for working on classics himself. “Jim Farley is cut […]

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Reithofer re-elected chairman of BMW board

from http://tradearabia.com Dr Norbert Reithofer has been re-elected as the Chairman fo the Supervisory Board of BMW AG at a meeting of the board today. He was earlier re-elected to the Supervisory Board for a mandate period of five years at today’s Annual General Meeting. Reithofer has been associated with BMW AG for more than three decades. He joined the company in 1987 and was Chairman of the Board of Management between 2006 and 2015. He has been Chairman of the Supervisory Board since 2015. The Annual General Meeting also newly elected Anke Schäferkordt to the Supervisory Board for a mandate period of five years. The media manager takes over the seat of Prof Renate Köcher, who stepped down early at the end of this year’s Annual General Meeting in agreement with the Supervisory Board. With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is a leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries. In 2019, the BMW Group sold over 2.5 million passenger vehicles and more than 175,000 motorcycles worldwide. The profit before tax in the financial year 2019 was €7.118 billion on revenues amounting to €104.210 billion. As of 31 December 2019, the BMW Group had a workforce of 126,016 employees.

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