H Partners, holding a 9.1% stake in Harley-Davidson, is pressuring shareholders to remove three board directors, including CEO Jochen Zeitz. The firm has criticized Zeitz and his colleagues for a significant drop in the company’s stock price, which has fallen 45% over the past year. H Partners also raised concerns about Harley's appeal among younger riders and stated that Zeitz should step down immediately. With the annual meeting approaching, the firm is preparing a campaign to support their demands for changes in leadership.
"We believe Mr. Zeitz, Mr. Linebarger, and Ms. Levinson should be held accountable for the destruction of shareholder value," H Partners said in a statement.
"cultural depletion" due to the departure of senior leaders and its remote working policies, said Jared Dourdeville.
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