HD has just announced that CEO and President Matt Levatich has stepped down.
I believe it was a force out too. On my opinion he was too focused on getting the Live Wire and other electric products out before improving the touring line and upgrading the Sportster line.Yep forced out according to the board a "Mutual" decision. One thing for sure, they will find someone that shares their vision which may not make the faithful loyalists happy.
Stock price is only a small part of the equation. Stock dividends is the elephant IMHO.As long as HD remains a publicly held company, I don’t see the ship being righted. Stock price is the elephant in the room...nothing else matters. If sales can’t be increased, CEOs of publicly held companies will show a profit by cutting costs...labor, outsourcing, etc. HD needs to be bought out and remain private so the CEO isn’t pressured by the stock price.
No, the writing has been on the wall. He took over as CEO 5 years ago, and the stock has fallen every quarter and every year as sales continue to decline. The board and shareholders got tired of waiting. A enema is on the way for the Motor company. The shareholders aren’t motorcycle guys and most likely don’t care about heritage as it hasn’t driven the company forward in a long time.Did the Challenger lead to his ouster????
Husky's head's gonna 'splode.and most likely don’t care about heritage as it hasn’t driven the company forward in a long time.