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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Harley Davidson Inc | NYSE:HOG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.96 | -2.72% | 34.38 | 35.165 | 33.93 | 35.00 | 1,592,000 | 01:00:00 |
DOW JONES NEWSWIRES
Harley-Davidson Inc. (HOG) stripped the "interim" tag from John Olin's title, 4 1/2 months after he began filling the duties of chief financial officer.
He succeeds Tom Bergmann, who was passed over in becoming the motorcycle maker's chief executive. Former Johnson Controls Inc. (JCI) head Keith Waddell was tapped instead.
Olin joined Harley-Davidson as controller in 2003, a position he held until Friday's announcement. Waddell said Olin was tapped to be CFO after a review of both internal and external candidates.
Before joining Harley-Davidson, Olin spent a dozen years in financial roles at such consumer-products companies as Kraft Foods Inc. (KFT).
Harley-Davidson has been suffering amid the ongoing drop in motorcycle demand. The company in July reported a 91% plunge in second-quarter earnings as the company cut its 2009 shipment forecast again and announced another 1,000 job cuts.
Shares were recently down 9 cents at $24.59. The stock is up 45% this year.
-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354; kevin.kingsbury@dowjones.com
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