Harley-Davidson Names Hund As Financing President

MILWAUKEE (AP) — Motorcycle maker Harley-Davidson Inc. said it has named Lawrence G. Hund president and chief operating officer of its financial services division.

Hund, 53, replaces Perry Glassgow as president of Harley-Davidson Financial Services Inc. Glassgow has held the position on an interim basis since early May, but will stay on as treasurer of Harley-Davidson, the company said late Wednesday.

Hund was chief financial officer of HDFS from 2002 to 2007 and was its interim chief operating officer for periods in 2006 and 2007. Before joining HDFS, he worked at Tygris Commercial Finance and other financial firms. His appointment is effective June 29.

HDFS, which handles the financing and securitization of Harley motorcycle loans, has been without a permanent president since January, when Sy Naqvi stepped down.

In April, Harley-Davidson tapped Keith Wandell, a former executive at car battery and interiors maker Johnson Controls Inc., to replace Jim Ziemer as chief executive.

Shares of Harley rose 35 cents to $16.86 in afternoon trading Thursday.

(This version CORRECTS that Glassgow will stay on as treasurer of Harley-Davidson, sted HDFS; UPDATES stock quote.)