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Jochen Zeitz's five-year tenure wraps up
Description
Jochen Zeitz stepped down as CEO of Harley-Davidson after five years, having transitioned the company’s focus from expanding its demographic to catering to its traditional, older customer base. Originally joining the board in 2007, Zeitz took over as CEO in 2020 during the pandemic, implementing a strategy called "Rewire." This plan prioritized high-end touring bikes and cut back on lower-cost models and youth-targeted innovations, such as the Livewire electric motorcycle, which was spun off as a separate brand. While Harley had a strong market presence in 2019, Zeitz's tenure raises questions about the long-term sustainability of his approach in a rapidly changing motorcycle market.
Harley-Davidson financial statements
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