Harley-Davidson CEO Jochen Zeitz is retiring after five years with the Milwaukee-based motorcycle manufacturer. Zeitz will stay on with Harley until the board of directors finds his replacement,

He will remain in his position until a successor is chosen.During his tenure, Zeitz has boosted Harley’s profit but has seen sales of the bikes continue to decline. The company last year sold 151,000 motorcycles worldwide,

Harley-Davidson CEO Jochen Zeitz informed the company he plans to retire and Harley launched a search for his successor. Zeitz led Harley through changes including closing the historic Milwaukee headquarters and focusing on the most profitable models.