LiveWire Group appoints Jennifer Hoover as head accounting officer

LiveWire Group, Inc. (NYSE:LVWR), currently trading at $3.45 and maintaining a strong balance sheet with more cash than debt, announced the appointment of Jennifer Hoover as Head Accounting Officer, effective Monday. In this role, Hoover will serve as the principal financial and accounting officer of the company.

According to a statement released in a Securities and Exchange Commission filing, Hoover, age 48, has been the Director of Financial Reporting and Accounting at LiveWire since joining the company in 2023. Before joining LiveWire, she held various positions at PricewaterhouseCoopers from 1998 to 2023. The appointment comes as the company approaches its next earnings release on July 24, with InvestingPro analysis showing analysts anticipate sales growth in the current year despite recent stock volatility.

In connection with her new position, the Human Resources Committee of the Board of Directors approved an increase in Hoover’s base salary to $235,000. Her annual cash incentive opportunity was set at 30% of base salary, and her target long-term incentive opportunity, starting with awards for fiscal 2026, was set at 50% of base salary.

This information is based on a statement provided in a press release filed with the SEC. The company currently maintains a market capitalization of $714.52 million, with a current ratio of 2.85x indicating strong short-term liquidity.

In other recent news, LiveWire Group Inc. reported its Q1 2025 earnings with an earnings per share (EPS) of -0.09 and revenue of 2.74 million USD. Despite the negative EPS, the market’s reaction was positive, reflecting investor confidence in the company’s strategic direction. In another development, LiveWire held its 2025 Annual Meeting of Stockholders where director nominees were elected and KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025. Additionally, John Garcia resigned from LiveWire’s Board of Directors, effective June 12, 2025, with the company noting no disagreements with its operations or policies. The resignation was confirmed through a regulatory filing with the Securities and Exchange Commission. These recent developments indicate ongoing changes and strategic evaluations within LiveWire Group.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.