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Root, who will take charge immediately, most recently served as senior vice president of Harley-Davidson Financial Services (HDFS) after joining it in 2011.
He has previously held a variety of roles including at Ally Financial (NYSE:ALLY) and GMAC Financial Services, the company said.
David Viney, vice president, treasurer, was named interim CFO after Goetter left to join toymaker Hasbro (NASDAQ:HAS).
After cutting hundreds of jobs in 2020, the motorcycle maker has either beaten or met Wall Street earnings estimates in recent years.
