Latest news with #JochenZeitz
Associated Press
28-05-2025
- Business
- Associated Press
Kenya Wildlife Service and the Zeitz Foundation Initiate Historic Rhino Translocation to Segera Conservancy
The initiative aims to create one of the largest rhino sanctuaries globally, protecting endangered species while delivering sustainable community benefits. SEGERA, KENYA, May 28, 2025 / / -- Kenya's Tourism and Wildlife Cabinet Secretary Rebecca Miano today presided over the launch of a groundbreaking rhino translocation exercise at the Segera Conservancy in Central Kenya. The project, a collaborative effort between the ZEITZ Foundation and the Kenya Wildlife Service (KWS), will see 21 critically endangered eastern black rhinos moved to the 50,000-acre conservancy, marking a significant milestone in Kenya's wildlife conservation efforts. More than a relocation effort, this is a visionary model for regeneration. It forms part of a broader plan to establish what will ultimately become one of the largest rhino sanctuaries in the world by connecting Segera to other conservation areas in the region. Kenya is home to about 80 percent of the world's remaining eastern black rhinos. As of 2024, Kenya had 1,977 rhinos, made up of 1,004 eastern black rhinos, 971 southern white rhinos, and two critically endangered northern white rhinos. Jochen Zeitz the founder of the ZEITZ Foundation and Segera says, 'We are so excited to be welcoming endangered Black Rhinos back to Segera. By giving these rhinos an expansive new home, we not only expect to see numbers increase significantly in coming years, but it also benefits communities while enhancing the biodiversity and landscapes of Central Kenya.' said Zeitz. Restoring the Land, Empowering the People Like all other projects by the ZEITZ Foundation, the translocation is expected to deliver tangible and sustainable benefits for land, wildlife, and rural communities. The establishment of Segera Rhino Sanctuary will serve as a linchpin in Kenya's Rhino Range Expansion plan, with Segera Conservancy being the central geographic connection between other rhino sanctuaries. As community involvement remains central to the project's success, areas around Segera will benefit through employment, capacity building and increased conservation economies. The project also offers unique learning experiences for schools and communities on wildlife conservation and related opportunities. Enhanced Security and Ecological Monitoring The translocation process is expected to take approximately 18-21 days, during which the rhinos will be kept under close observation by KWS specialists to help them adapt to their new home. Enhanced security measures will protect not only the rhinos but also the broader biodiversity of the area and local communities around the conservancy. Organizers have emphasized that existing land rights and boundaries will be respected and remain unaffected by the rhino translocation. Advanced ecological monitoring will also ensure sustainable habitat management and help mitigate Human Wildlife Conflict. A Living Legacy of the 4Cs Segera's role in this rewilding milestone reflects a long-term vision seeded by Jochen Zeitz, founder of the ZEITZ Foundation. In 2009, the Foundation developed The Long Run—a global community of nature-based businesses committed to achieving the highest levels of sustainability through a holistic balance of the 4Cs: Conservation, Community, Culture, and Commerce. Now an independent charity, The Long Run supports some of the world's most forward-thinking conservation and tourism initiatives, safeguarding over 21 million acres globally. As a founding Long Run Destination, Segera exemplifies this philosophy through efforts like wildlife conservation, women's empowerment, habitat restoration, and community development. In turn, this rhino relocation is more than a conservation success—but part of a larger story where tourism, nature, and local communities work in harmony to shape a sustainable future. A Tourism Model That Regenerates Aside from being a vital hub for the relocation project, Segera is also an award-winning eco-tourism destination where every guest stay directly supports the ecosystem and the communities who protect it. As a pioneer in regenerative tourism, Segera offers travelers a luxury safari experience grounded in purpose. Visitors are invited to take part in guided rewilding walks, learn about the 4C Philosophy, meet rangers and researchers, and explore how tourism revenue fuels long-term ecological and community resilience. Today, guests will also now have the rare opportunity to witness the return of critically endangered eastern black rhinos to their ancestral lands. ABOUT SEGERA Located in the heart of Laikipia, Kenya, Segera is a 50,000-acre wildlife conservancy and award-winning eco-tourism destination. As a hub for conservation, art, and culture, Segera blends luxury with purpose, offering guests transformative travel experiences that support wildlife protection, community empowerment, and the regeneration of East Africa's landscapes. ABOUT THE ZEITZ FOUNDATION Founded by Jochen Zeitz in 2008, the ZEITZ foundation promotes an innovative approach to sustainable ecosystem management which aims to achieve sustainability through a balance of Conservation, Community, Culture and Commerce (the 4Cs). Its vision is of an ecosphere – our planet and all of its life-sustaining regions – maintained in the healthiest possible state, with the major contribution to that health coming from people making sustainable choices. The ZEITZ foundation's mission is to create and support ecologically and socially responsible projects to achieve long-lasting impact and sustainability through the 4Cs, delivering tangible and sustainable benefits for land, wildlife and rural communities. Founded by the ZEITZ foundation in 2009, The Long Run is a membership organisation of nature-based tourism businesses that are committed to driving sustainability through the same holistic 4C philosophy. Now safeguarding over 21 million acres of nature in 22 different countries, touching the lives of 750,000 people and protecting over 30,000 plant and animal species, The Long Run has become the largest organisation of its kind worldwide. ABOUT THE KENYA WILDLIFE SERVICE The Kenya Wildlife Service (KWS) is a state corporation mandated to conserve and manage Kenya's wildlife, and to enforce relevant Wildlife Conservation and Management Act (WCMA, 2013) laws for the Kenyan people and the world. There are a plethora of challenges facing wildlife and biodiversity conservation in Kenya, such as climate change, habitat degradation and loss, forest depletion, tourism market volatility, changing land use, human-wildlife conflict brought on by population growth, and wildlife crime. KWS manages about 8 per cent of the total landmass of the country, which comprises 23 National Parks, 28 National Reserves and 4 National Sanctuaries. Also, under KWS management are 4 Marine National Parks and 6 Marine Rachel Roth Imagine PR [email protected] Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Business Insider
20-05-2025
- Business
- Business Insider
Harley-Davidson: 'Rigorous search process' for next CEO ‘continues at pace'
Harley-Davidson (HOG) issued the following statement in connection with the release of the certified voting results of its 2025 Annual Meeting of Shareholders confirming that all nine of Harley-Davidson's Director nominees were elected at the Annual Meeting. Additionally, the Harley-Davidson Board of Directors confirmed that the rigorous search process for Harley-Davidson's next CEO continues at pace, led by the search committee. Harley-Davidson Chairman, President, and CEO Jochen Zeitz said, 'We are grateful to our shareholders and stakeholders for their dialogue and support over the past six weeks. Harley-Davidson remains fully committed to executing the clear plan we have defined, which is designed to drive long-term value for all stakeholders. Putting the recent campaign behind us, we are moving forward and returning our full focus to the business. On behalf of the Board of Directors, we look forward to continuing our commitment to good corporate governance and engagement with all stakeholders.' Confident Investing Starts Here:
Malaysian Reserve
19-05-2025
- Automotive
- Malaysian Reserve
Harley-Davidson Gets Back to Business
MILWAUKEE, May 19, 2025 /PRNewswire/ — Harley-Davidson, Inc. (the 'Company' or 'Harley-Davidson') (NYSE: HOG) today issued the following statement in connection with the release of the certified voting results of its 2025 Annual Meeting of Shareholders (the 'Annual Meeting') confirming that all nine of Harley-Davidson's Director nominees were elected at the Annual Meeting. Additionally, the Harley-Davidson Board of Directors confirmed that the rigorous search process for Harley-Davidson's next CEO continues at pace, led by the search committee. Harley-Davidson Chairman, President, and CEO Jochen Zeitz said, 'We are grateful to our shareholders and stakeholders for their dialogue and support over the past six weeks. Harley-Davidson remains fully committed to executing the clear plan we have defined, which is designed to drive long-term value for all stakeholders. Putting the recent campaign behind us, we are moving forward and returning our full focus to the business. On behalf of the Board of Directors, we look forward to continuing our commitment to good corporate governance and engagement with all stakeholders.' Contacts Media FGS GlobalStephen Pettibone/Kelsey Markovich/Bryan Locke/Danielle BergHOG@ Investors Shawn 343-8002 About Harley-Davidson Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Our ambition is to maintain our place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road. Harley-Davidson also has a controlling interest in LiveWire Group, Inc., the first publicly traded all-electric motorcycle company in the United States. LiveWire is the future in the making for the pursuit of urban adventure and beyond. Drawing on its DNA as an agile disruptor from the lineage of Harley-Davidson and capitalizing on a decade of learnings in the EV sector, LiveWire's ambition is to be the most desirable electric motorcycle brand in the world. Learn more at and Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that do not relate to matters of historical or current fact should be considered forward-looking statements, including without limitation statements regarding expectations regarding future results of operations and financial position of the Company including, without limitation, with respect to shareholder value; advancement of the Hardwire strategic plan and executive succession and leadership decisions, including expected results thereof. These forward-looking statements are based on information available to the Company as of the time the statements are made as well as the Company's current expectations, assumptions, estimates and projections and are subject to certain risks and uncertainties that are likely to cause actual results to differ materially, unfavorably or favorably, from those anticipated. These forward-looking statements can generally be identified by the use of forward-looking terminology, including the terms 'believes,' 'anticipates,' 'expects,' 'plans,' 'projects,' 'may,' 'will,' 'estimates,' 'targets,' 'intends,' 'forecasts,' 'seeks,' 'sees,' 'should,' 'feels,' 'commits,' 'assumes,' 'envisions,' or, in each case, their negative or other variations or comparable terminology, or words of similar meaning. Certain of such risks and uncertainties are described below, and others are listed in Part I, Item 1A. Risk Factors and in Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, of the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the 'SEC') on February 26, 2025, and in the Company's other subsequent reports filed with the SEC, including, among others, quarterly reports on Form 10-Q. Shareholders, potential investors, and other readers should consider these factors in evaluating, and should not place undue reliance on, the forward-looking statements. Such forward-looking statements speak only as of the date they are first made in this press release and the Company disclaims any obligation to publicly update or revise any forward-looking statements after such time, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that may impact such forward-looking statements include, but are not limited to, risks and uncertainties regarding the Company's ability to execute its business plans and strategies, including without limitation the Hardwire strategic plan; manage supply chain and logistics issues; manage the impact, and predict potential further impacts, of new, reinstated or adjusted tariffs on the Company; accurately analyze, predict and react to changing market conditions, interest rates, and geopolitical environments, and successfully adjust to shifting global consumer needs and interests; maintain and enhance the value of the Harley-Davidson brand; manage through changes in general economic and business conditions; develop and successfully introduce products, services and experiences; realize the expected business benefits from LiveWire operating as a separate business of the Company; and retain and attract talented employees and leadership; uncertainties regarding actions that have been taken and may in the future be taken by H Partners Management, LLC in furtherance of its campaign relating to the Annual Meeting and potential costs and management distraction attendant thereto; and uncertainties regarding a potential third party investment in Harley-Davidson Financial Services. ### (HOG-OTHER)
Yahoo
16-05-2025
- Automotive
- Yahoo
Harley's troubled LiveWire electric motorcycles hurt by a slowed rollout of EV chargers
The road ahead for LiveWire, an electric motorcycle Harley-Davidson launched four years ago, has been slowed by the lack of automotive EV charging stations, Harley executives said May 14 during the company's annual shareholders meeting. The U.S. Department of Transportation in February suspended its EV charging program and rescinded approval of state plans pending a review. As recently as May 7, Wisconsin and more than a dozen other states sued the Trump administration, saying the federal government was illegally withholding billions of dollars awarded to states for building charging stations. Electric-vehicle adoption has been slower than expected, partly as the result of a lack of charging infrastructure, according to Harley-Davidson CEO Jochen Zeitz, who is also chairman of LiveWire Group. More: The power struggle at Harley-Davidson has ended with election of the entire company board LiveWire has faced the same economic challenges much of the power sports industry has experienced, and it's also been hurt by the slowed rollout of EV infrastructure. 'We very much rely' on the automotive charging stations, Zeitz said earlier in the month during a Harley-Davidson earnings call. LiveWire was spun off by Harley-Davidson into a separate, publicly traded company in 2022 but remains largely funded by Harley. In the first three months of 2025, LiveWire posted an operating loss of $20 million. The company had around $3 million in revenue, down 42% from a year earlier. The decline was due to lower sales of electric motorcycles and STACYC electric bikes, according to Harley-Davidson. LiveWire sold only 33 electric motorcycles in the recent quarter. Harley-Davidson said it does not plan additional investment in LiveWire beyond a line of credit extended in the first quarter of 2024 of up to $100 million. While the heavyweight electric motorcycle market remains limited in size, LiveWire is focused on what it can control, said Karim Donnez, the company's chief executive officer. 'Expenses are down by over 30%,' Donnez said May 1. Even with the challenges, LiveWire has made some progress. It recently entered four additional countries, Poland, Portugal, Finland and Belgium, and introduced the LiveWire S2 Alpinista globally. It also introduced the first pedal-assist STACYC bicycle for teens and adults and secured the company's first fleet customers, a police department in St. Cloud, Florida. The S2 Patrol Del Mar and S2 Patrol Alpinista are police motorcycles aimed at urban patrol, event security, and motorcade duty, where agility and low operational noise are desirable. The bikes have law-enforcement features including sirens and emergency lights. This article originally appeared on Milwaukee Journal Sentinel: Harley's LiveWire electric motorcycles slowed by lack of EV chargers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Automotive
- Yahoo
HOG Q1 Earnings Call: Revenue Misses, Profit Beats, and Guidance Withdrawn Amid Tariff Uncertainty
American motorcycle manufacturing company Harley-Davidson (NYSE:HOG) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 23.1% year on year to $1.33 billion. Its non-GAAP profit of $1.07 per share was 38.7% above analysts' consensus estimates. Is now the time to buy HOG? Find out in our full research report (it's free). Revenue: $1.33 billion vs analyst estimates of $1.35 billion (23.1% year-on-year decline, 1.2% miss) Adjusted EPS: $1.07 vs analyst estimates of $0.77 (38.7% beat) Adjusted EBITDA: $192.1 million vs analyst estimates of $155.2 million (14.5% margin, 23.8% beat) Operating Margin: 12.1%, down from 15.2% in the same quarter last year Free Cash Flow Margin: 8.4%, up from 3.3% in the same quarter last year Motorcycles Sold: 38,601, down 19,071 year on year Market Capitalization: $3.03 billion Harley-Davidson's first quarter results reflected the challenges of a soft motorcycle market, with revenue missing Wall Street expectations due to lower sales volumes, especially in North America. CEO Jochen Zeitz attributed much of the shortfall to weak consumer confidence and the ongoing macroeconomic uncertainty, while also highlighting efforts to maintain tighter dealer inventory levels and a strong product mix. Zeitz said, 'Global retail sales were down 21% in Q1 and down 24% in North America, softer than we expected primarily in the US market, driven by historically low levels of consumer confidence.' Looking forward, management withdrew its previous 2025 financial guidance, citing the unpredictable tariff environment and persistent economic headwinds. Zeitz emphasized the company's cautious approach, stating, 'We are withdrawing our previous 2025 guidance until there is more clarity over economy and tariff landscape.' Harley-Davidson plans to focus on cost controls, new product launches, and supply chain adjustments, but management made clear that macro and policy uncertainty remain the main factors influencing its near-term outlook. Harley-Davidson's leadership focused on managing through a challenging demand environment and highlighted several business adjustments to address ongoing volatility. North America demand softness: The significant decline in U.S. sales was attributed to low consumer confidence and delayed purchases of discretionary products, as indicated by proprietary research showing 60% of non-owners and half of current owners are deferring purchases. Dealer inventory discipline: Management prioritized reducing dealer inventory, with global wholesale shipments down 33% and U.S. dealer inventory down 23% year over year, as part of a strategy to avoid oversupply during weak demand periods. Model year launch timing shift: Harley-Davidson is moving major product launches to later in the year, aligning marketing efforts with peak riding season to maximize effectiveness and support dealer sales. Entry-level and classic product expansion: The company confirmed plans to introduce new entry-level motorcycles and reintroduce an iconic classic model for both U.S. and international markets, aiming to reach more price-sensitive and new customers. Tariff and supply chain mitigation: Management detailed ongoing actions to address tariff impacts, including shifting sourcing away from China and engaging with policymakers, while noting that the rapidly changing policy environment remains a major risk to profitability. Management's outlook emphasizes caution, with near-term performance hinging on macroeconomic conditions, tariff developments, and the impact of strategic product and operational changes. Tariff impact and mitigation: Future results will be shaped by the evolving global tariff landscape, particularly high duties on Chinese components; Harley-Davidson is working to diversify its supply chain and engage with governments to reduce exposure. New product introductions: Launches of smaller, entry-level motorcycles and a classic model are expected to broaden the customer base and support demand recovery, provided economic conditions stabilize. Cost control and operational efficiency: Continued focus on productivity programs, inventory management, and disciplined marketing spend is intended to offset margin pressures from lower volumes and inflation, though management warns of limited flexibility if headwinds persist. Craig Kennison (Baird): Asked about the economics and rationale for a possible strategic partnership or investment in Harley-Davidson Financial Services (HDFS). Management replied that the main objective is to realize the premium value of HDFS, not a full sale. Joseph Altobello (Raymond James): Queried if recent actions indicate a change in the perceived strategic value of HDFS. Management stated that while HDFS remains important, the review is about market valuation and exploring value-enhancing options. James Hardiman (Citi): Sought clarity on tariff sources and potential mitigation, as well as impacts on demand. Management detailed their U.S.-centric supply chain and noted ongoing efforts to diversify sourcing, especially away from China. Robin Farley (UBS): Questioned the decision to suspend guidance and whether pricing actions are under consideration. Management said guidance was withdrawn due to macro and tariff uncertainty and that pricing remains a lever, but the environment is sensitive. Alex Perry (Bank of America): Inquired about the return of entry-level models and the impact of shifting model year launch timing. Management confirmed plans for new products and explained the timing shift aims to better support dealers and align with customer demand. Over the coming quarters, the StockStory team will focus on (1) the effectiveness of Harley-Davidson's new product introductions and their reception among new and existing riders, (2) the company's ability to further reduce dealer inventory without sacrificing revenue, and (3) developments in the tariff and trade policy environment that may affect costs and profitability. Progress on cost reductions and clarity on HDFS's future will also be key to assessing execution. Harley-Davidson currently trades at a forward P/E ratio of 7.5×. Should you double down or take your chips? See for yourself in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. 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