Posts Tagged ‘Wandell’

Harley Stock Fever Cools

March 18, 2010

Who is Kohlberg Kravis Roberts & Co. (KKR)?

Investors continued to trade Harley-Davidson (NYSE: HOG) stock in heavier volume than normal on St. Patrick’s Day, but the activity was down sharply from Tuesday’s very heavy activity.

HOG shares were off .17 Tuesday from Wednesday’s close of 28.35 on volume of 4,4558,600 shares, down from Wednesday’s huge volume of 18.4 million. Average daily trading volume over the last three months is 3.6 million shares.

Tuesday’s heavy trading pushed the stock up 1.85 or 7%, but it failed to break the 52-week high of 30.00. The 52-week low is 11.20.

Today’s mid-day trading was in the 28.40 range.

The feeding frenzy was started by rumors that Harley was going to be purchased by Kohlberg Kravis Roberts & Co. (KKR), a huge New York-based private equity firm that specializes in leveraged buyouts (LBO). The international firm, founded in 1976, has more than $50 billion under management and reports it has completed more than $400 billion worth of LBOs.


Harley’s Top Financial Executive Departs

May 3, 2009

IMPORTANT  UPDATE: Tim Conder, analyst with Wachovia Capital Markets LLC, said today (5/4/2009) that Tom Bergmann, James McCaslin and Ronald Hutchinson were all internal candidates for the president/CEO position of Harley-Davidson, Inc., filled by Keith Wandell from Johnson Controls.

At the same time, Conder says Wandell seems to be a good choice to head the company. “(Wandell) appears very solid,” says Conder, adding that “Wandell’s primary adjustment from Johnson Controls to Harley will be an effective transition from an industrial to a consumer focused company.”

He also notes that Wandell is  developing both short-term and long-term strategic plans for Harley, and  has already publicly mentioned opportunities in the sport bike segment in the U.S. and internationally. JD


Thomas Bergmann, CFO and Head of Finance Arm, Leaves
May 1 Was Moving Day for Several Other Executives at HOG

Thomas E. Bergmann, the top financial officer for Harley-Davidson, Inc., left the company April 30 to look at other career opportunities, the company said Friday. The announcement, made after the stock market closed, also included changes in the responsibilities for several other executives.

Bergmann was Harley’s CFO and also had been acting president for the company’s financial arm, Harley-Davidson Financial Services (HDFS).

“We wish to thank Tom for his many contributions to our business and wish him well in his future endeavors,” said Keith Wandell, Harley’s new president and CEO, who joined the company April 6.