Bleustein Elected Chairman of Harley-Davidson Board of Directors
10 December 1998Bleustein Elected Chairman of Harley-Davidson Board of Directors
MILWAUKEE, Wis. Dec. 9 -- The board of directors of Harley-Davidson, Inc. , today elected Jeffrey L. Bleustein Chairman of the Board. Mr. Bleustein, who will continue as President and Chief Executive Officer, succeeds Richard F. Teerlink who has announced he will be retiring from the company. Teerlink will continue to serve as a member of the board of directors. Mr. Teerlink, 62, joined Harley-Davidson in 1981 and was elected to the board of directors in 1982. In 1988 he was appointed President, and he was named Chief Executive Officer in 1989. He served as chairman of the board since 1996. In commenting on Mr. Teerlink's retirement, Bluestein said, "Rich's many contributions include his leadership in developing a value-based culture at the Company. His focus on the importance of establishing mutually-beneficial relationships with all of our stakeholders has served the company well in the past and will continue to do so in the future." Mr. Bleustein, 59, began his association with Harley-Davidson in 1975 when he was asked to oversee Harley-Davidson's engineering group. During his tenure, the Evolution engine was developed and the current line of cruiser and touring motorcycles that have fueled much of the company's worldwide success were established in the marketplace. During his years with the company, he has served in senior leadership roles in a variety of functions, making significant contributions to the company's revitalization and expansion. Bleustein was one of the thirteen executives who purchased Harley-Davidson from AMF in 1981. Mr. Bleustein holds a bachelor's degree in mechanical engineering from Cornell University, as well as MS and PhD degrees in engineering mechanics from Columbia University. 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 and sport-touring motorcyles. Eaglemark Financial Services, Inc. provides wholesale and retail financing, insurance and credit card programs to Harley-Davidson dealers and customers and similar programs for other leisure products manufacturers.