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Harley-Davidson CFO to step down, shares fall 6% By Reuters

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© Reuters. FILE PHOTO: A Harley-Davidson bike is seen during the “Hamburg Harley Days,” a meeting of riders and fans of the American Harley-Davidson motorcycle, in Hamburg, Germany, June 24, 2022. REUTERS/Fabian Beamer

Pratyush Thakur and Bianca Flowers

(Reuters) – Motorcycle maker Harley-Davidson Inc (NYSE: NYSE) said on Wednesday that Chief Financial Officer Gina Gutierre will leave the company at the end of April to pursue another job.

The Milwaukee-based company said Vice President David Feeney will take over as interim CFO after Goetter’s departure on April 28.

Shares of the company fell 6.3% in extended trading.

Goetter was named CFO in September 2020 and was a key part of Harley’s restructuring plan, called “Rewire” to phase out lesser-known bike models and streamline its business strategy by catering to an older customer base.

Prior to joining Harley, Goetter held senior financial positions at the meat company Tyson Foods Inc (NYSE:) and maker of cereals general mills Inc (NYSE:).

The company did not respond to a request for additional information.

After cutting hundreds of jobs in 2020, Harley has outperformed or met Wall Street’s earnings expectations in recent years. The company has benefited from strong demand for entertainment purchases during the COVID-19 pandemic.

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