Jochen Zeitz
Also at Harley-Davidson Inc
About
Jochen Zeitz is a seasoned executive known for his transformative leadership in multiple global brands. He has built his reputation through extensive roles that span from restructuring legacy companies to repositioning brands in premium market segments, showcasing a keen ability to navigate complex market dynamics.
He embarked on his journey at HOG in 2007, joining the Board of Directors, and quickly ascended through the ranks when he was appointed Acting President and CEO in February 2020. This period marked a significant phase of transition and strategic realignment that ultimately led to his promotion as President and CEO in May 2020 while also assuming the role of Chairman of the Board.
Beyond his tenure at HOG, his career has been punctuated by leadership roles at globally recognized companies such as PUMA AG and Kering, as well as his involvement in sustainability, philanthropy, and cultural initiatives. His comprehensive experience and visionary approach have made a lasting impact on the companies he has led and continue to shape his dynamic approach to business.
$HOG Performance Under Jochen Zeitz
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| LiveWire Group, Inc. | Chief Executive Officer | Sep 2022 - Jun 2023 | Served as CEO before becoming Chairman of the Board |
| Harley-Davidson, Inc. | Acting President and Chief Executive Officer | Feb 2020 - May 2020 | Held before his official appointment as President and CEO |
| Kering (formerly PPR) | Director | 2012 - 2016 | Served as a director at Kering |
| Kering (formerly PPR) | Chief Executive Officer of Sport & Lifestyle Division | 2010 - 2012 | Member of the Executive Committee during his tenure |
| PUMA AG | Chairman and Chief Executive Officer | 1993 - 2011 | Transformed PUMA into a premium sport lifestyle brand |
| PUMA AG | Chief Financial Officer | 1993 - 2005 | Oversaw financial operations during the brand’s transformation |
External Roles
| Organization | Role | Date Range |
|---|---|---|
| LiveWire Group, Inc. | Chairman of the Board | Current |
| Cranemere Group Limited | Advisor and Board Member | Current |
| ZEITZ Foundation | Founder and Chairman | Current |
| Segera Conservancy and The Long Run | Founder | Current |
| Zeitz Museum of Contemporary Art Africa (Zeitz MOCAA) | Co-founder | Current |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,950,000 | Annual | 3% increase from 2022 base salary |
| All Other Compensation | $411,651 | Annual | Includes 401(k) Contribution of $27,050, Deferred Compensation of $185,912, and Healthcare Contribution of $198,689 (Aircraft Usage: $0) |
| Non-Qualified Deferred Compensation | $185,911 | Annual | Component of the Deferred Compensation Plan Contribution |
Performance Compensation
Short-Term Incentive Plan (STIP)
| Metric [Unit/Description]** | Value | Notes/Calculations |
|---|---|---|
| Performance Measure | Combined HDMC and HDFS Operating Income | |
| Threshold | $828 million (50% payout) | |
| Target | $1,035 million (100% payout) | |
| Maximum | $1,242 million (200% payout) | |
| Actual Performance | $896 million | Results in 66.4% payout attainment |
| Target Bonus Opportunity | 123% of Base Salary | Calculated as 1.95M x 1.23 = $2,398,500 target payout |
| Actual Payout | $1,593,204 | |
| Grant Date | February 5, 2023 | |
| Supplemental STIP Award | $1,500,000 | Award for carving out LiveWire and new CEO appointment |
| Vesting Schedule | N/A | Cash-based plan: payout determined based on annual performance; no vesting conditions |
Additional Notes
- This STIP is entirely cash-based with performance measured solely on the combined operating income metric.
- There are no further weights or staggered vesting conditions as the plan is tied to the annual performance evaluation of 2023.