Zarcone to Resign as Harley-Davidson Financial Services President and Chief Operating Officer
MILWAUKEE, June 2 -- Harley-Davidson, Inc. announced today that Donna F. Zarcone will be resigning as President and Chief Operating Officer of Harley-Davidson Financial Services, Inc. (HDFS), effective August 1, 2006. Zarcone, 48, has decided to seek new entrepreneurial opportunities. She will work with the HDFS leadership team to ensure an orderly transition of her current responsibilities.
"At this point in my career, I want to once again lead and build a new enterprise from its early stages. I have enjoyed leading the growth of HDFS and the creation of our unique culture. While I will miss working with our great leadership team and employees, I am confident that the company will continue to thrive," said Zarcone. "It has been a privilege to be a part of the Harley-Davidson team for the past twelve years."
Jim Ziemer, President and Chief Executive Officer of Harley-Davidson, Inc., commented, "Donna has demonstrated a very strong record of success at HDFS. I appreciate the leadership that she has provided to our financial services operations during her tenure, enabling HDFS operating income to rise from $20 million in 1998 to over $191 million in 2005. I respect her desire to pursue new business ventures, and I wish her well during the next chapter of her career journey."
Zarcone joined HDFS in 1994 as its Vice President and Chief Financial Officer. In 1998, she rose to President and Chief Operating Officer. In her eight years as President of HDFS, managed receivables have grown from approximately $1 billion to over $6 billion. HDFS conducts business in the United States, Canada and Europe, and has over 750 employees.
The Company will be considering internal and external candidates in its search to fill the role of HDFS President and Chief Operating Officer. Larry Hund, 50, Vice President of Operations and Chief Financial Officer of HDFS, has been named Acting Chief Operating Officer in addition to his current role. Hund joined HDFS in 2002 as Vice President and Chief Financial Officer and was promoted to his current position in 2004. He came to HDFS from Heller Financial, Inc., where he was Executive Vice President and Controller.
Harley-Davidson, Inc. is the parent company for the group of companies doing business as Harley-Davidson Motor Company, Buell Motorcycle Company and Harley-Davidson Financial Services, Inc. Harley-Davidson Motor Company, the only major U.S.-based motorcycle manufacturer, produces heavyweight motorcycles and offers a complete line of motorcycle parts, accessories, apparel, and general merchandise. Buell Motorcycle Company produces sport motorcycles in addition to motorcycle parts, accessories and apparel. Harley-Davidson Financial Services, Inc. provides wholesale and retail financing and insurance programs to Harley-Davidson dealers and customers.