Motorcycle maker Harley-Davidson appointed SVP of Financial Services Jonathan Root as its new CFO effective immediately, according to a June 27 news release.
Root replaces Gina Goetter, who left the company in April to serve as toymaker Hasbro’s CFO.
Vice President and Treasurer David Viney served as interim CFO since Goetter left the company on April 28 while Harley-Davidson began its search for her replacement.
Root joined Harley-Davidson in March 2011 as director of insurance programs under the motorcycle maker’s financial services subsidiary, according to his LinkedIn. From there, he moved up and held various positions until his promotion to CFO.
Before joining Harley-Davidson, Root held roles in other financial and automotive companies, including Ally Financial, GMAC Insurance Holdings and General Motors.
“Jonathan is a proven leader with extensive knowledge of our business, matched with strong financial acumen,” Chairman, President and CEO Jochen Zeitz said in a statement. “We’re excited to have him in place to lead the finance organization at Harley-Davidson.”
While Root’s salary has not been revealed, he will be covered under the company’s executive severance plan and transition agreement similar to Harley-Davidson’s other executives, according to a securities filing on June 27.
Goetter’s total compensation at Harley-Davidson was approximately $4.4 million, including $3.25 million in stock, a $533,418 compensation plan, a $550,000 base salary and $36,327 in all other compensation, according to a filing in April.
