(Reuters) – U.S. investment firm H Partners is preparing to launch a fight to shake up Harley-Davidson’s board and replace its CEO in the face of deteriorating sales, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
H Partners, which has a roughly 9% stake in the company, is preparing to urge shareholders to remove three longstanding directors from the motorcycle maker’s eight-member board at the annual meeting in mid-May, WSJ reported.
(Reporting by Nilutpal Timsina in Bengaluru; Editing by Varun H K)
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