Harley CEO Levatich Steps Down

Motorcycle maker’s U.S. sales have dropped for five straight years

Harley-Davidson Inc.’s Chief Executive Matt Levatich resigned Friday, leaving the motorcycle maker after years of declining sales and limited success attracting younger riders to its iconic brand.

Harley’s board said Friday that director Jochen Zeitz would serve as acting CEO and board chairman as it looks for a permanent chief executive. Mr. Zeitz will remain chairman when a new chief executive is hired, the company said.