H Partners Management is urging Harley-Davidson shareholders to withhold votes for three board members, including CEO Jochen Zeitz, citing a $1.8 billion loss in market value under Zeitz's leadership.

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NEW YORK, May 14 (Reuters) - Harley-Davidson (HOG.N), opens new tab on Wednesday beat back investor H Partners' proposal to remove three directors, including the CEO, the company said in a statement.

Harley-Davidson has nominated Valvoline CEO Lori Flees to its board of directors. Dourdeville cited concerns about Harley-Davidson's performance and called for CEO Jochen Zeitz's resignation.