Harley-Davidson CEO to leave struggling motorcycle maker

MILWAUKEE (AP) — Harley-Davidson's CEO is leaving the struggling motorcycle maker.

The Milwaukee company announced that Matthew Levatich will leave his post and seat on the company's board of directors. 

Board member Jochen Zeitz will become acting president and CEO. He'll have that role while a board search committee is formed and Harley hires an outside search firm to find a new leader.

Levatich will stay on through March to assist with the transition. Zeitz also was named board chairman, replacing Michael Cave, who becomes presiding director.

Levatich says that the board is confident its leadership experience and understanding of the company will bring an effective transition.

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